Life Insurance

How would you benefit from having this cover in place?



A constant and extensive rise of daily expenses has led a common man live life with struggle and stress. This has become a huge strain in mind to pay huge amount of money every month as regular outgoings and sudden death is a pain for people after. In order to avoid the same, being yourself insured under LIFE INSURANCE is a solution to it.

Life Insurance, simple and common word to say and talk, however at the same time has depth in itself. Insurance covered on your life, every second & every breath. It is a clear, feasible & affordable approach to help people and their family financially secured after the death of an individual. It helps you to clear your mortgage or used for family nurture.

Any kind of insurance has a fixed tenure decided during the initial stage and sudden death between the tenure pays a lump sum cash amount i.e. Life Cover to the nominee for a policy or after completion of tenure it is paid in the form of Maturity Value or Cash Benefit.

The question arises here is:

• Type of Cover you need.

• Amount of cover you need.

• Sum of cover you need.

An overview of the same is mentioned here for an assistance and why?

Level Term Assurance: This is simplest and fixed insurance cover i.e. fixed premium for no of years & fixed pay out at any given point either in between or the end of the tenure.

Increasing Term Assurance: The cover under the same increases the payout every year without a medical. Gradually the market of the same has increased as people want additional cover with an increase in income or inflation. For ex: by 5% a year or in line with inflation.

Decreasing Term Assurance: The cover under the same reduces the payout every year and is covered at a flat rate.

Mortgage Protection Assurance: A life insurance wherein the payout reduces in line with the residual balance during the tenure.

Reviewable Term Assurance: A short term policy which is affordable & feasible; used for Directors of a Company as a protection. The USP of a policy is can be renewed at any given point without any medical proofs.

Family Income Benefit Assurance: This kind of cover is used as a potential cover in the form of tax bill or a tax free annual income until the tenure ends.

Any more assistance, please get it touch with us on the given details below and one of our advisors will be able to clear all your doubts and would offer you best product as per your circumstances.