We offer an exhaustive range of regular and customised insurance offerings over a single window.

A pure protection plan, such as a term insurance policy, offers only the death benefit. However, there are several types of life insurance policies that offer savings in addition to protection. The savings can be in the form of a maturity benefit or bonus. Premiums paid and benefits received under life insurance are liable to tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Parameter Endowment Policies Unit Linked Insurance Policies Money Back Policies Whole Life Policies Pension/Annuity Policies Term Insurance Policies
Overview These are protection plus investment policies These are investment plus insurance policies which are unit-linked and participatory in nature These are protection plus saving policies which are participatory in nature These are protection plus saving policies which are participatory in nature These are traditional policies which are non-participatory in nature These are the simplest life insurance policies
Term* Term typically ranges between 10 -35 years Term ranges between 10 – 20 years Typically ranges between 5 to 25 years Covers the whole life of a policyholder. Term can be if 40 years Typically there are no fixed terms, with annuity kicking in post-retirement Typically ranges from 5 years to 30 years
Death benefits Payable to nominee on death of policyholder. Typically includes bonuses accumulated also Payable to nominee if policyholder dies while policy is in place Payable to nominee if policyholder dies while policy is in place. Death benefit is exclusive of other pay-outs Payable to nominee if policyholder dies while policy is in place Some plans offer a provision to return the invested amount in the case of death of policyholder Sum assured is payable to the nominee if policyholder dies while the policy is in place
Maturity benefits Maturity benefit will be paid to policyholder on survival at end of term Maturity benefit will be paid to policyholder on survival at end of term Survival benefit will be paid on maturity of policy Maturity benefits are typically paid when the policyholder reaches a certain age (could range between 80 years to 100 years) No maturity benefits per se. Policyholders are entitled to regular pension for the term specified. No maturity benefit will be paid on survival
Premium costs High premium costs Premiums are on the higher side, owing to investment costs Affordable premiums Generally have higher premiums associated with them Premiums are moderately priced, with most policies requiring one-time payment Affordable premiums, lowest among all policy classes
Additional benefits Investments accumulate profits, which are paid as bonus Investments accumulate profits, paid as bonus. Tax exemptions can also be claimed Regular monetary benefits are given to policyholder while the policy is in force, with these amounts not impacting the death benefit Benefits paid on maturity or death include a bonus component along with the sum assured Regular income source post retirement These plans provide maximum cover at low premiums. One can opt for variants of pure term plans which provide maturity benefits
Ideal for People with income to pay high premium and those who are looking to protect themselves and multiply their investment People who are looking at a medium term investment goal to diversify their portfolios. Also suited to those with high income and keen investment sense Individuals who are looking to secure their life but wish to earn some money at regular intervals. It is ideal for people looking at an investment plus protection plans People who want to protect the interest of their family and those looking to secure the financial future of their loved ones irrespective of what happens People who are worried about their retirement life, and those who wish to have a regular income source post retirement. Not suited for those looking at higher returns on their investment People who are looking to secure the financial interest of their family members without having to pay exorbitant premiums. Individuals looking for short term protection can opt for these plans