Endowment Life Assurance

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term or on death to the nominee. Typical maturities are ten, fifteen or twenty years up to a certain age limit. It is a life insurance policy that is appropriate for any situation for which a fund needs to be accumulated by the end of specified period. Such a fund could be used to purchase or supplement retirement, pension, to finance children’s university education, to start a business and a host of other purposes.

Benefits of Endowment Life Assurance:
The primary need of this policy is that of saving, insurance protection being only incidental. Before maturity such saving can be drawn out as a loan to meet financial emergencies, or the policy can be used as a security for a loan from commercial banks.

Children's Life Assurance

    Child policy basically helps parents make a financial planning for their child's future needs at the right age. With a mix of savings and insurance it is the best way to build/ secure funds for the children’s future needs like higher education, marriage, kick start a business etc. which could be costly if unplanned.

    Benefits of Children’s Life Assurance:
    Financial protection features in child plans ensure that children get the best in the future even in their parent’s absence.

Group Life Term Assurance

Group life term assurance is a single contract covering an entire group of people. Typically, the policy owner is an employer or an entity such as an association or organization, and the policy covers the employees or members of the group which is usually provided with annual renewable terms.

Benefits of Group Life Term Assurance:
Group life term assurance is often provided as part of a complete employee benefit package. In most cases, the cost of group coverage is far less than what the employees or members would pay for a similar amount of individual protection. As a result, it is relatively inexpensive compared to individual life insurance and participation is high.

Money Back Assurance

Money back policy, is a type of life insurance in which the insured person gets a percentage of sum assured at regular intervals as survival benefit, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity.

Benefits of money Back Assurance:
A money back policy is an ideal plan for people who want a guaranteed return on their investments and are looking for regular payouts in addition to an insurance cover for themselves for the same money they are paying as a premium.

Term Life Assurance

Term life assurance is a type of life insurance policy with a fixed premium (the amount the insured will pay) as well as a fixed death benefit (the amount the beneficiaries will be paid). It pays only if death occurs during the term of the policy, which is usually from one to 30 years. Term Life Insurance is a popular option because it boasts benefits that are attractive to people of most ages and situations.

Benefits of Term Life Assurance:
These policies are well-suited for people who temporarily need specific amounts of life insurance. It is attractive to young people with children and parents who need to obtain large amounts of coverage reasonably low cost. It also provides guaranteed payouts as the death benefit are fixed, meaning that beneficiaries receive the payout that the policyholder chose at the beginning of the term. Moreover, the insured can choose the term policy with the time limit and coverage amount that is ideal for their current and future needs.