Insurance

Life Insurance

Life insurance is a vital financial tool designed to provide peace of mind and security for your loved ones in the event of your passing. By purchasing a life insurance policy, you ensure that your beneficiaries will receive a predetermined death benefit, which can help cover essential expenses such as funeral costs, outstanding debts, mortgage payments, and even future financial needs like education costs for children. Life insurance offers a safety net that can maintain your family’s standard of living and provide financial stability during a challenging time. There are various types of life insurance policies available, such as term life, whole life, and universal life, each tailored to meet different needs and financial goals. Investing in life insurance is a proactive step in safeguarding your family’s future, ensuring that they are taken care of even when you are no longer there to provide for them.

Term Insurance
Pension Plan
Regular Insurance
Child Education Plan

Term Insurance

Term insurance is a vital component of a comprehensive financial plan, providing affordable and straightforward coverage for a specific period, typically ranging from 10 to 30 years. Unlike whole life or universal life insurance, term insurance does not accumulate cash value and is designed solely to offer financial protection to your beneficiaries in the event of your untimely death.

  • Cost effective
  • Help in fulfilling financial obligations
  • Basic and Simple
  • Option to Enhance Protection with Riders
  • Provide Tax Benefit
  • Receive higher and longer coverage
  • Flexibility in Premium Payment
  • Tax Deduction

Pension Plan

Pension plan insurance is a vital component of financial planning, designed to provide a steady income stream during retirement. This type of insurance ensures that individuals receive regular payments after they retire, helping them maintain their standard of living and covering essential expenses. By contributing to a pension plan throughout their working years, individuals can accumulate a substantial fund that grows over time.

  • Guaranteed pension/income
  • Tax efficiency
  • Liquidity
  • Vesting age
  • Accumulation duration
  • Payment period

Pension Plan

Pension plan insurance is a vital component of financial planning, designed to provide a steady income stream during retirement. This type of insurance ensures that individuals receive regular payments after they retire, helping them maintain their standard of living and covering essential expenses. By contributing to a pension plan throughout their working years, individuals can accumulate a substantial fund that grows over time.

  • Guaranteed pension/income
  • Tax efficiency
  • Liquidity
  • Vesting age
  • Accumulation duration
  • Payment period

Guaranteed Regular Income Plan

Regular insurance, often referred to as general insurance, encompasses a broad range of coverage options designed to protect individuals and businesses from various risks and financial losses. This category of insurance includes health insurance, auto insurance, home insurance, travel insurance, and liability insurance, among others. The primary purpose of regular insurance is to provide financial compensation for unexpected events such as accidents, natural disasters, theft, or health-related issues.

  • Choice of Benefit Option
  • Choice of Income Varient
  • Guaranteed Income
  • Assurance
  • Flexibility
  • Guaranteed Lump Sum Benefit

Choice of Benefit Option

Long Term Income or Whole Life Income

Choice of Income Varient

Level or Increasing Income

Guaranteed Income

From 1st/2nd policy aniversary till end of policy term

Guaranteed Lump Sum Benefit

At Maturity of Policy

Flexibility

To build your own plan with choice of income benefit, income variant, premium payment term, policy term and deferment period

Assurance

Protection with life cover across policy term and additional protection with riders

What are the Key Features of a Child Education Plan?

Here are the key features of child plans:

  • Lump-sum Benefit: The plan provides a lump-sum benefit to your children in the unfortunate event of your death within the policy term. This ensures that your child’s education fund is not compromised, and they can continue their education without financial constraints.
  • Partial Withdrawals: Child education plans offer flexibility in withdrawals too. You can withdraw your money from funds anytime after 5 years. It helps you meet the child’s educational milestones, such as admission fees, tuition expenses, or educational trips.
  • Waiver of Premium: With a child plan, you can secure your child’s future without disrupting premium payments. In the event of your untimely death, the insurance company will take care of the remaining premiums. It ensures that the policy remains active and that your child doesn’t have to compromise his/her educational goals.
  • Tax Benefits: As the policyholder, you get tax benefits under sections 80C and 10 (10D) of the Income Tax Act in the child education plan. This means that the premiums paid towards the plan are eligible for tax deductions, reducing your overall tax liability. The tax benefits help maximize the returns on your investment, allowing you to save more for your child’s education.
  • Life Cover: One of the top reasons to buy child plans is the life cover component. This means that if some unforeseen event happens during the policy term, a predetermined sum assured will be paid to your child. This ensures that the child’s education is not disrupted even if you are not around.

What are the Key Features of a Child Education Plan?

Here are the key features of child plans:

  • Lump-sum Benefit: The plan provides a lump-sum benefit to your children in the unfortunate event of your death within the policy term. This ensures that your child’s education fund is not compromised, and they can continue their education without financial constraints.
  • Partial Withdrawals: Child education plans offer flexibility in withdrawals too. You can withdraw your money from funds anytime after 5 years. It helps you meet the child’s educational milestones, such as admission fees, tuition expenses, or educational trips.
  • Waiver of Premium: With a child plan, you can secure your child’s future without disrupting premium payments. In the event of your untimely death, the insurance company will take care of the remaining premiums. It ensures that the policy remains active and that your child doesn’t have to compromise his/her educational goals.
  • Tax Benefits: As the policyholder, you get tax benefits under sections 80C and 10 (10D) of the Income Tax Act in the child education plan. This means that the premiums paid towards the plan are eligible for tax deductions, reducing your overall tax liability. The tax benefits help maximize the returns on your investment, allowing you to save more for your child’s education.
  • Life Cover: One of the top reasons to buy child plans is the life cover component. This means that if some unforeseen event happens during the policy term, a predetermined sum assured will be paid to your child. This ensures that the child’s education is not disrupted even if you are not around.

General Insurance

General insurance is a vital aspect of financial planning, providing protection against a variety of unforeseen events and liabilities. Unlike life insurance, which offers coverage for life and death, general insurance encompasses a wide range of policies designed to safeguard your assets, health, and overall well-being. These policies include health insurance, home insurance, auto insurance, travel insurance, and more. By mitigating the financial impact of accidents, natural disasters, medical emergencies, and other unexpected events, general insurance ensures peace of mind and financial stability. Whether it’s covering medical expenses, repairing damaged property, or compensating for losses due to theft or accidents, general insurance plays a crucial role in protecting your financial future and providing security for you and your loved ones.

Corporate Insurance
Home Insurance
Travel Insurance
Motor Insurance

Corporate Insurance

Corporate insurance is a critical component of a comprehensive risk management strategy for businesses of all sizes. It provides essential protection against a wide range of potential risks and liabilities that companies may face in their day-to-day operations. From property and casualty insurance to liability coverage and employee benefits, corporate insurance helps safeguard a company’s assets, employees, and financial stability.

  • Workers’ compensation
  • General liability insurance
  • Product liability insurance
  • Property insurance
  • Professional liability insurance
  • Errors and omissions insurance
  • Professional liability
  • Directors and officers liability insurance

Advantages of homeowners insurance in the UK include 1 2 3

  • Financial protection for home damage or possessions theft.
  • Coverage for a mortgage, often required when taking out a mortgage.
  • Alternative accommodation in case of damage.
  • Accidental damage cover.
  • New for old coverage.
  • Home emergency cover.

Advantages of homeowners insurance

  • Financial protection for home damage or possessions theft.
  • Coverage for a mortgage, often required when taking out a mortgage.
  • Alternative accommodation in case of damage.
  • Accidental damage cover.
  • New for old coverage.
  • Home emergency cover.

Why should you have a Home Insurance Policy – Benefits

You should have a home insurance policy because it covers the financial loss. You may also have to bear the damage to property and its belongings under conditions not controlled by you. The benefits of a home insurance policy are:

  • You can get monetary aid for repair and damage control due to unfortunate events
  • If a third party causes damage, you can claim insurance without getting into a legal rift.
  • It is easier to get a mortgage (home loan) for repair/reconstruction/expansion if there is property insurance.
  • The costs of loss of home’s belongings and content can also be covered up. Home belongings like appliances, furnishings, furniture, gadgets, or jewellery.
  • Coverage is there not only for damages due to accidents or calamities but also due to theft, robbery, or burglary.
  • There are types of home insurance policies that are designed to cater to specific requirements. These policies include Landlord’s Insurance or Tenant insurance. The landlord can claim the landlord’s insurance when the tenant (public liability) does damage. Also, when there is a loss of tenant’s payment (rent) due to other reasons.
    Similarly, the tenant can get insurance for his/her own belongings in a rented flat.

Travel Insurance Plan

Travel insurance provides coverage against a variety of risks related to travel, and more importantly, provides coverage against medical treatment that may arise as a result of unexpected complications during travel 1 2. Here are some advantages of travel insurance:

  • Provides peace of mind in case of unexpected cancellations, flight delays, lost luggage, or medical emergencies while abroad .
  • Provides coverage for medical expenses .
  • Covers personal accident and activity .
  • Can save you money in the long run .
  • Provides compensation for lost belongings .
  • Covers personal liability .
  • Covers trip itinerary changes .
  • Offers valuable assistance with travel-related issues, such as language barriers and legal assistance .

Travel Insurance

Travel stress-free, around the world, with Travel Guard Plus!
Enjoy your dream vacation stress-free with our Travel Guard Plus. From sudden illness to flight delays or loss of Checked-in Baggage, we’ve got you covered. Plus, our policy includes extra benefits such as accommodation extension due to unexpected contingencies, ensuring worry-free travel.

KEY BENEFITS :
Medical Expenses – Injury and/or Illness
Personal Accident in India
Delay of Checked-in Baggage
Compassionate Travel/Stay
Accommodation Extension
Flight Delay
Flight Cancellation
Visa Rejection
and many more

Motor Insurance

  • Loss Or Damage To Your Vehicle – Provides cover for any loss or damage to your vehicle or the accessories .
  • Natural Calamities – Fire, explosion, self ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost landslide, rockslide.
  • Man-made Calamities – Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift elevator or air, etc.
  • Personal Accident Cover – The motor insurance provides compulsory personal accident & cover for individual owners of the vehicle while driving. You can also opt for a personal accident cover for passengers.
  • Third Party Legal Liabibters for legal liability due to accidental damage for • Permanent injury • Death of a person • Damage caused to the property
    Additional Covers.
  • Electrical/non-electrical accessories can be covered, e.g. Fog Lights, Music System, Seat Covers, etc.
  • You can also cover your bi-fuel system such as CNG.

Motor Insurance

  • Loss Or Damage To Your Vehicle – Provides cover for any loss or damage to your vehicle or the accessories .
  • Natural Calamities – Fire, explosion, self ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost landslide, rockslide.
  • Man-made Calamities – Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift elevator or air, etc.
  • Personal Accident Cover – The motor insurance provides compulsory personal accident & cover for individual owners of the vehicle while driving. You can also opt for a personal accident cover for passengers.
  • Third Party Legal Liabibters for legal liability due to accidental damage for • Permanent injury • Death of a person • Damage caused to the property
    Additional Covers.
  • Electrical/non-electrical accessories can be covered, e.g. Fog Lights, Music System, Seat Covers, etc.
  • You can also cover your bi-fuel system such as CNG.

Health Insurance

Health insurance is a critical component of personal financial planning, offering protection against the high costs of medical care. It provides coverage for a range of healthcare services, from routine check-ups and preventive care to emergency treatments and major surgeries. By paying a monthly premium, policyholders gain access to a network of healthcare providers and facilities, reducing out-of-pocket expenses and ensuring timely medical attention. Health insurance not only helps manage the financial burden of unexpected medical bills but also encourages regular health screenings and early detection of illnesses, promoting overall well-being. In today’s world, having a robust health insurance plan is essential for safeguarding your health and financial stability.

Family Insurance
Super Top up
Accident Insurance

Family Health Insurance

Family health insurance is an essential investment in the well-being and financial security of your loved ones. This type of insurance provides comprehensive coverage for all family members under a single policy, simplifying the process of managing healthcare expenses. It covers a wide range of medical needs, including doctor visits, hospital stays, surgeries, prescription medications, and preventive care. With family health insurance, you can rest assured that your family’s health is protected against unforeseen medical emergencies and rising healthcare costs. Additionally, many policies offer added benefits such as wellness programs, maternity coverage, and pediatric care, ensuring that every family member receives the best possible care. By choosing the right family health insurance plan, you can safeguard your family’s health and financial future, allowing you to focus on what truly matters – the well-being and happiness of your loved ones.

Super Top-Up Insurance

Super top-up insurance is an enhanced health insurance policy designed to provide additional coverage beyond the limits of your existing health insurance plan. Unlike standard top-up plans, which activate only once a single hospitalization bill exceeds the deductible, super top-up insurance considers the cumulative medical expenses within a policy year. This means that if your total medical bills exceed the specified deductible, the super top-up plan kicks in to cover the additional costs. This type of insurance is particularly beneficial for those looking to safeguard against high medical expenses without significantly increasing their premium costs. It offers peace of mind by ensuring comprehensive coverage for multiple claims throughout the year, making it an essential addition to your financial planning for health care.

Super Top-Up Insurance

Super top-up insurance is an enhanced health insurance policy designed to provide additional coverage beyond the limits of your existing health insurance plan. Unlike standard top-up plans, which activate only once a single hospitalization bill exceeds the deductible, super top-up insurance considers the cumulative medical expenses within a policy year. This means that if your total medical bills exceed the specified deductible, the super top-up plan kicks in to cover the additional costs. This type of insurance is particularly beneficial for those looking to safeguard against high medical expenses without significantly increasing their premium costs. It offers peace of mind by ensuring comprehensive coverage for multiple claims throughout the year, making it an essential addition to your financial planning for health care.

Personal Accident Policy

You can avail the following coverage benefits with a personal accident insurance policy –

Accidental Death Cover
An accident can be both emotionally and financially devastating for the dependent family members. In case of fatal injuries, the entire sum assured is paid to the nominee as mentioned in the policy document.

Permanent/Total Disability Cover
In case an accident results in permanent disabilities or lifelong total impairment such as loss of both the limbs, then a specified sum insured amount is paid to the policyholder.

Permanent Partial Disability Cover
If bodily injuries, resulting in permanent partial disabilities, then a certain percentage (up to 100%) of the benefit is paid to the insured.

Temporary Total Disability
In case the insured meets with temporary total disabilities and is bedridden, then the insurer will provide a weekly allowance to recompense the loss of income. The insured can also utilize this claim amount to pay the EMIs, in case there is a loss of earnings.