Term Life Insurance
Term life insurance lasts for a specified number of years and then ends. You choose the term when you take out the policy, with common terms being 10, 20, or 30 years. The best-term life insurance policies balance affordability with long-term financial strength.
Types of Term Life Insurance:
- Decreasing Term Life Insurance: This is renewable term life insurance where the coverage decreases over the life of the policy at a predetermined rate.
- Convertible Term Life Insurance: This allows policyholders to convert a term policy to permanent insurance.
- Renewable Term Life Insurance: This is a yearly renewable term life policy that provides a quote for the year the policy is purchased. Premiums increase annually and it is usually the least expensive term insurance initially.
Term life insurance is attractive to young people with children because parents can obtain large amounts of coverage at reasonably low costs. Upon the death of a parent, a significant benefit can replace lost income.
These policies are also well-suited for people who temporarily need specific amounts of life insurance. For example, the policyholder may calculate that by the time the policy expires, their survivors will no longer need extra financial protection or will have accumulated enough liquid assets to self-insure.
Term life insurance is for a predetermined period, typically between 10 and 30 years. Term policies may be renewed after they end, with premiums recalculated based on the holder’s age, life expectancy, and health. By contrast, whole life insurance covers the entire life of the holder. Unlike a term life policy, whole life insurance includes a savings component, where the cash value of the contract accumulates for the holder. The holder can withdraw or borrow against the savings portion of their policy, where it can serve as a source of equity.
Whole Life Insurance
Whole life insurance, also known as traditional life insurance, provides permanent death benefit coverage for the life of the insured. In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate. Interest accrues at a fixed rate and on a tax-deferred basis.
Whole life insurance policies are one type of permanent life insurance. Universal life, indexed universal life, and variable universal life are others. Whole life insurance is the original life insurance policy, but it does not equal permanent life insurance as there are many types of permanent life insurance.
Universal life insurance and whole life insurance are both permanent life insurance types that offer guaranteed death benefits for the life of the insured. However, a universal life policy allows the policyholder to adjust the death benefit as well as the premiums. As one might expect, higher death benefits require higher premiums. Universal life policyholders can also use their accumulated cash value to pay premiums, provided the balance is sufficient to cover the minimum due. Whole life insurance, alternatively, does not allow for changes to the death benefit or premiums, which are set upon issue.
Universal Life Insurance
Universal life (UL) insurance is permanent life insurance (lasting the lifetime of the insured) that has an investment savings element and low premiums similar to those of term life insurance. Most UL insurance policies contain a flexible-premium option. However, some require a single premium (single lump-sum payment) or fixed premiums (scheduled fixed payments).
Unlike term life, UL insurance policies can accumulate interest-bearing funds like a savings account. Additionally, policyholders can adjust their premiums and death benefits. Those paying extra toward their premium receive interest on that excess.
If you want to build tax-deferred savings and don’t expect to tap into the funds for a long time, universal life may be a suitable option. The cash value option that’s part of a universal life policy may be available for you to withdraw or borrow against in an emergency.
It’s a good idea to talk with your insurance provider to better understand your life insurance options. They can help you review your personal situation and long-term goals to choose a policy that’s a good fit for you and your family.
Comprehensive Health Insurance Plans Tailored to Your Needs
Your health is your most valuable asset. With rising medical costs, a health insurance policy is more important than ever. We offer personalized insurance plans that ensure you and your loved ones are protected during medical emergencies—without the stress of financial strain.
Why Choose Our Health Insurance?
- Affordable Premiums: Flexible pricing options for individuals, families, and businesses.
- Wide Network: Access over 5,000 hospitals and medical centers across the country.
- Quick Claim Settlement: Streamlined and transparent claims process with a high settlement ratio.
- Cashless Hospitalization: No out-of-pocket costs at network hospitals.
- Pre and Post-Hospitalization Coverage: Cover for diagnostic tests, consultations, and recovery care.
- Tax Benefits: Avail deductions under Section 80D of the Income Tax Act.
Explore Our Health Insurance Plans
- Individual Health Plans: Ideal for self-employed professionals and working individuals.
- Family Floater Plans: One plan to cover your entire family with a single premium.
- Senior Citizen Plans: Tailored plans for people above 60 years, with no upper age limit for renewal.
- Critical Illness Plans: One-time lump sum benefit for diagnosis of major illnesses like cancer, stroke, or heart attack.
- Top-Up Plans: Increase your coverage at a lower cost when you already have basic insurance.
Additional Benefits
- Free Annual Health Check-ups with most plans.
- Lifetime Renewability – Stay covered for life without worry.
- Wellness Programs – Rewards for maintaining a healthy lifestyle.
- International Coverage on select plans.
How It Works
- Step 1: Compare plans online using our easy tools.
- Step 2: Select the plan that suits your needs.
- Step 3: Make a secure payment online.
- Step 4: Receive your e-policy instantly via email.
- Step 5: Enjoy continuous support and renewal reminders from our team.
Frequently Asked Questions (FAQs)
Q: What is not covered under health insurance?
Most plans do not cover cosmetic procedures, self-inflicted injuries, and treatments for substance abuse. Always read the exclusions section before purchasing.
Q: Can I add family members to my policy later?
Yes, you can add dependents like your spouse, children, or parents during renewal or via endorsement during the policy term.
Q: Is there a waiting period for pre-existing conditions?
Yes, typically a 2–4 year waiting period applies for pre-existing illnesses, depending on the plan.
What Our Customers Say
“I had an emergency surgery last year, and the cashless hospitalization saved me from a financial nightmare. The support team was amazing!”
– Priya S., Bengaluru
“Great coverage, smooth claim process, and affordable premiums. I’ve recommended them to my entire family!”
– Arjun R., Mumbai
Get Your Free Quote Today
It’s easy, quick, and obligation-free. Just enter your details and get customized health insurance quotes in minutes. Protect your future with the right coverage.
Click here to get started or call us at 1800-123-4567 for expert assistance.
Protect Your Business with Comprehensive Commercial Insurance
Running a business comes with its own set of risks—from property damage to legal liabilities. Our Commercial Insurance solutions are designed to protect your company’s assets, employees, and operations so you can focus on growing your business with confidence.
Why Choose Our Commercial Insurance Plans?
- Customized Coverage: Tailor-made plans that suit businesses of all sizes and industries.
- Risk Management Expertise: We help identify and minimize potential risks before they impact your bottom line.
- Nationwide Network: Partnered with trusted surveyors, service providers, and legal teams across India.
- Fast Claims Processing: Dedicated claims support for quick resolution and minimal downtime.
- Affordable Premiums: Get maximum protection at competitive rates.
Types of Commercial Insurance We Offer
- Fire & Property Insurance: Covers your office, factory, or warehouse against fire, floods, theft, and natural disasters.
- Liability Insurance: Protects your business against legal claims for injury, negligence, or damage caused to a third party.
- Marine Insurance: Covers goods in transit via sea, air, or land against loss or damage.
- Group Health Insurance: Affordable healthcare coverage for your employees and their families.
- Workmen’s Compensation: Mandatory protection for your workforce in case of injury or death while on duty.
- Commercial Vehicle Insurance: Covers vehicles used for business purposes including trucks, vans, and delivery vehicles.
Who Needs Commercial Insurance?
Every business, whether small or large, faces risks. We serve:
- Startups and SMEs
- Manufacturing units and warehouses
- IT & Tech firms
- Retail outlets and shopping malls
- Logistics and transport companies
- Restaurants, hotels, and hospitality businesses
- Educational institutions and coaching centers
Benefits of Commercial Insurance
- Legal Protection: Covers you against lawsuits and third-party claims.
- Business Continuity: Minimize losses and recover faster from disasters or accidents.
- Employee Satisfaction: Offering benefits like group health boosts morale and retention.
- Credibility: Insured businesses are seen as reliable and trustworthy by clients and partners.
Final Expense Insurance That Gives Your Loved Ones Peace of Mind
Planning for the future means taking care of your loved ones even when you’re gone. Final Expense Insurance is a simple, affordable policy designed to cover funeral costs, medical bills, and other end-of-life expenses—so your family doesn’t have to.
What is Final Expense Insurance?
Final Expense Insurance, also known as burial insurance, is a type of whole life insurance designed to cover the immediate costs that arise after a person passes away. These may include funeral services, cremation or burial, caskets, memorials, and unpaid medical or legal bills.
Why Choose Our Final Expense Plans?
- Affordable Premiums: Fixed premiums that never increase, with coverage starting as low as ₹500/month.
- Simple Application Process: No medical exams required—just answer a few health-related questions.
- Quick Payout: Fast and direct payout to your chosen beneficiary for immediate use.
- Lifelong Coverage: As long as premiums are paid, your policy remains active for life.
- Peace of Mind: Ensure your loved ones won’t be burdened with unexpected costs during an emotional time.
What Does It Cover?
- Funeral and cremation costs
- Casket or urn purchase
- Burial plot and headstone expenses
- Medical bills not covered by health insurance
- Unpaid debts and legal fees
- Family travel expenses related to the funeral
Who Should Consider Final Expense Insurance?
This coverage is ideal for:
- Individuals over 50 looking for an affordable way to cover end-of-life costs
- Those without existing life insurance
- Seniors on a fixed income who want to protect their families financially
- Anyone who wants to leave a legacy of preparation, not debt
Secure Your Future with Financial Planning
Financial planning is the process of managing your finances wisely to achieve life goals such as retirement, education, homeownership, or building wealth. Ensure your loved ones and future are financially secure with our personalized and strategic planning services.
What Does Financial Planning Include?
- Retirement Planning: Build a reliable income stream for a comfortable retirement.
- Investment Strategies: Tailored portfolios to grow your wealth over time.
- Debt Management: Create plans to reduce liabilities and improve cash flow.
- Estate & Legacy Planning: Protect assets and ensure smooth transfer to heirs.
Key Benefits of Our Financial Planning Services
- Customized Strategies: Plans tailored to your income, goals, and risk tolerance.
- Wealth Growth: Smart investments to maximize returns over the long term.
- Risk Protection: Incorporating insurance and safeguards against uncertainty.
- Peace of Mind: Confidence knowing your financial future is secure and organized.
Who Should Consider Financial Planning?
This service is ideal for:
- Individuals and families wanting long-term financial stability
- Professionals preparing for retirement or career transitions
- Anyone aiming to build wealth and protect their legacy
