There are many categories of insurance policies available in the market today. Depending upon your needs and requirement your Financial Advisor will help you pick out the right one. You need to give complete details on your current financial status, along with your short term and long term goals, so that you Advisor is well-equipped to make a prudent choice for you.
There are many categories like Retirement plans, Money Back Plans, Child Protection Plans, Endowment plans and much more.
Remember, life insurance is a great tool for both protection and helping you save in a disciplined manner which eventually leads to creation of good corpus. With help of your advisor, fix your goals align them with your financial objectives and lead a stress free life with a financially secured future.
The most affordable form of life insurance, premiums of plan under this category are cheap compared to other life insurance products.
In the event of an unfortunate demise during the policy term, Nominees will receive the ‘Sum Assured’
2.Whole Life Policy
As in the name, this type of policy covers an individual for his/her entire life. This type of insurance covers insurance and investment components.
The insurance part covers the nominee in the event of death of the policyholder and the investment component helps the holder to borrow or withdraw against
3.Endowment Plan
One main difference that Endowment Plans offer from term plans is the Maturity Benefit.
This type of plan pays out sum assured along with profits under both scenarios – death & survival. The profits that are availed in such plans are the result of investment in equities & debt.
4.Unit Linked Insurance Plans (ULIPs)
As the name suggests, this plan is linked to the markets.
This type of plan are a variant of traditional endowment plan and pay out a certain sum assured on death or maturity, whichever is earlier.
5.Money Back Policy
This type of policy gives out periodic payments over the policy term.
Incase of the death of the policy holder, the beneficiaries get the full sum assured and if the holder survives the policy term, he/she gets the balance amount (sum assured).
There are many categories of insurance policies available in the market today. Depending upon your needs and requirement your Financial Advisor will help you pick out the right one. You need to give complete details on your current financial status, along with your short term and long term goals, so that you Advisor is well-equipped to make a prudent choice for you.
There are many categories like Retirement plans, Money Back Plans, Child Protection Plans, Endowment plans and much more.
Remember, life insurance is a great tool for both protection and helping you save in a disciplined manner which eventually leads to creation of good corpus. With help of your advisor, fix your goals align them with your financial objectives and lead a stress free life with a financially secured future.
Your money is invested in life insurance is safe and returns are paid back on time. It also fetches good returns as the money is returned to the policyholder/beneficiaries as sum assured either on completion of the policy term or death, whichever is earlier.
Certain policies that offer money back benefits helps in keeping your family secure with regular & timely payouts. This income helps in meeting certain regular expenses like rent, bills, loans, etc.Life Stage Planning Insurance enables you to effectively plan for every life stage and needs during that stage. Life insurance can be viewed as long term investment instrument that provides solid financial support.
As per your life stage and risk appetite, you can fix and meet all your financial goals whether it is your child’s education, wedding expenses, buying dream home or your retirement- all taken care of