Why is Life Insurance Important?

• Financial Security: Provides money to your family in case of your death.
•  Income Replacement: Helps maintain the standard of living.
•  Loan & Debt Protection: Covers outstanding loans like home, car, or personal loans.
•  Future Planning: Helps in building savings for retirement, children’s education, or other goals.
•  Peace of Mind: You know your family is protected no matter what happens.

Types of Life Insurance Plans

1. Term Life Insurance

• Most affordable and simplest plan.
• Provides high coverage at low premiums.
• Pays benefit only if the policyholder passes away during the policy term.
• Ideal for: families, young earners, loan protection.

2. Whole Life Insurance

• Provides coverage for your entire lifetime (usually up to age 99 or 100).
• Comes with both death benefit and savings component.
• Ideal for: long-term financial security, wealth transfer.

3. Endowment Plans

• Combination of insurance + savings.
• Provides a lump-sum amount at the end of the policy term even if you survive.
• Ideal for: those who want maturity benefits + guaranteed savings.

4. Money-Back Plans

• Offers periodic payouts during the policy term.
• Also gives a maturity benefit and full death benefit.
• Ideal for: regular income + financial goals.

5. ULIP (Unit Linked Insurance Plan)

• Life insurance + investment in market-linked funds.
• Returns depend on market performance.
• Ideal for: investment-savvy individuals, long-term wealth creation.

6. Child Plans

• Designed to secure a child’s education and future goals.
• Provides funds at key milestones (school, college, marriage).
• Ideal for: parents planning long-term goals for children.

7. Retirement / Pension Plans

• Helps build a retirement corpus.
• Provides monthly income (annuity) after retirement.
• Ideal for: people planning for a stable retirement life.