Types of Life Insurance

Term Insurance

Term Insurance provides financial protection to your loved ones in the event of death. There are no maturity benefits to the policy holder. The sum assured is high and the premium is low.

Whole Life Insurance

Whole Life Insurance provides regular tax free income as well as insurance coverage upto 100 years.

Endowment Plan

Endowment Plan provides guaranteed lumpsum maturity benefit along with insurance coverage for a particular period.

Pension Plan

Pension Plan provides regular income at pre decided interest rate on the amount invested. Pension received is taxable.

Unit Linked Insurance Plan (ULIP)

ULIP is a type of life insurance plan which provides dual benefit of insurance and investment in one plan. ULIP’s allocate a portion of the premium paid towards life insurance coverage and remaining amount to invest in a variety of funds, such as equity, debt, or a combination of both, based on their risk appetite and financial goals. The returns are linked to the performance of these funds.