Life Insurance

Life insurance offers you risk coverage and takes care of monetary needs of your family after your death. Besides providing coverage against all sorts of risks, it gives you an opportunity to grow your investments. It could also be viewed as a long-term investment tool that helps you to save for your child's future expenses or your post retirement expenses. Depending on the diversified needs of every individual, various insurance plans are available in the market. Such customized plans are made in such a way that they suit the likes of majority of customers.

Types of Life Insurance:

• Term life insurance: You get coverage for a tenure that you specifically choose. These policies could be availed by people who find it difficult to pay a lump sum amount for endowment assurance policy or whole life policy.
• Whole life insurance: This policy covers you for as long as you live. You stay protected for your entire life, thus this plan is named as whole life policy.
• Retirement plans: This plan is a retirement solution plan and does not cover life insurance. You can build your retirement corpus as per your risk appetite and on completion of the specified period, a certain amount of money is paid to the insured/beneficiary in the form of pension, monthly, half-yearly, or annually.
• Savings & investment plans: Help you save and invest to make your money grow.