Life Insurance Security
Protect your family’s financial future with guaranteed life cover. Peace of mind today, support for your loved ones tomorrow..
Reliable Life Insurance for Peace of Mind
Secure Life Secure Tomorrow.
Ensure your loved ones are financially protected in your absence.
Choose plans that offer lifelong support and guaranteed benefits.
Life Insurance Type
In the insurance market, you have many different options for buying life insurance.
There are different types of life insurance policies available in accordance to your needs and requirements.
When you’re shopping around for a life insurance policy, the easiest way to get started is to realise that there are essentially two kinds of policies: term life insurance and whole life insurance. Term life insurance lasts for a specific amount of time (the “term”) and expires at the end of the policy.
Types of Life Insurance :
- Term Insurance
- Child Insurance Plans
- Savings Plan & Investment
- Term Insurance with Return of Premium
- Unit Linked Insurance Plans
- Endowment Plans
- Moneyback Policy
- Whole Life Insurance
- Group Life Insurance
- Retirement Plans
Term Insurance with Return of Premium:
Traditionally, term insurance plans don’t provide any maturity benefits but with the TROP plans the survival benefit offered is
the return of the premiums paid. The time where the difference between a basic term insurance policy and a term insurance with return of premium (TROP)
becomes clear is when the policy matures. At the time of maturity, the insurer will return the entire premium paid by the policyholder towards the policy.
Unit Linked Insurance Plans (ULIPs)
Unit linked insurance plan, better known as ULIP, is a combination of insurance and investment.
The investments are made in debt and equities by a fund manager assigned by the insurance provider. However, the policyholders can choose whether he/she wants to invest in debt or equity and in what proportion.
Though there are no guaranteed returns, a lump sum amount is paid to the policyholder at maturity. However, if he/she dies during the policy tenure,
he insurer pays him/her a sum assured.
Though there is no guaranteed return, ULIP provides a higher return than traditional policies with a savings component.
A term plan is a pure life cover that focuses on offering your dependents the sum assured in case you were to die.
Hence, it is a must-have for every earning member of a family.