Life insurance policy becomes a financial safety net that secures your loved ones’ future by paying a lump sum amount in case of an unfortunate event. It helps your loved ones pay for expenses such as a loan, childcare, education, health, and many other everyday bills.
Life insurance is an affordable way to financially protect the people you love most.
1. Term Insurance: its provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid.
Term insurance is initially much less expensive when compared to permanent life insurance. Unlike most types of permanent insurance, term insurance has no cash value. In other words, the only value is the guaranteed death benefit from the policy.2. Traditional Plans: A traditional whole life policy is a type of life insurance contract that provides for insurance coverage of the contract holder for their entire life. Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy never runs out.
Upon the inevitable death of the contract holder, the insurance payout is made to the contract's beneficiaries. These policies also include an investment component, which accumulates a cash value that the policyholder can withdraw or borrow against when they need funds.
3. Unit Linked Insurance Plan: A unit linked insurance plan (ULIP) is a multi-faceted product issued by insurance companies that combine insurance coverage and investment exposure in a single offering. This product requires policyholders to make regular premium payments, part of which are utilized to provide insurance coverage, while the remaining portions are pooled with assets from other policyholders, then invested in equity and debt instruments, much like mutual funds.
We are partnering with
