Term Insurance
Term insurance is a type of life insurance that provides coverage for a specified period, or "term," typically ranging from 5 to 30 years. If the insured person dies during the term of the policy, the insurer pays out a death benefit to the designated beneficiaries. However, if the insured person survives the term of the policy, no benefit is paid out, and the coverage typically expires unless it is renewed or converted into a permanent life insurance policy.
Whole Life Insurance
Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured person, as long as the premiums are paid as specified in the policy. Unlike term insurance, which provides coverage for a specific term or period, whole life insurance offers lifelong protection and includes a savings or investment component known as cash value.
Endowment plans
Endowment plans are a type of life insurance policy that combines insurance coverage with savings or investment features. These plans offer a guaranteed sum assured to the policyholder upon maturity or to the beneficiary in the event of the policyholder's death during the policy term. Endowment plans are often used for long-term financial goals such as education funding, retirement planning, or wealth accumulation.
Unit-Linked Insurance Plans
Unit-Linked Insurance Plans (ULIPs) are hybrid financial products that combine the benefits of life insurance with investment options. In a ULIP, a portion of the premium paid by the policyholder goes towards providing life insurance coverage, while the remaining portion is invested in a variety of funds, such as equity, debt, or a combination of both, based on the policyholder's risk appetite and investment goals.
Child Plans
Child plans, also known as children's insurance plans or education plans, are specialized insurance policies designed to secure a child's future financial needs, such as education expenses, marriage expenses, or other significant milestones. These plans typically provide a combination of insurance coverage and savings or investment features tailored to meet the specific needs of children.
Pension plans
Pension plans, also known as retirement plans or annuity plans, are financial products designed to provide a regular income stream to individuals during their retirement years. These plans help individuals build a corpus during their working years and then convert that corpus into a steady income stream to support their living expenses after retirement.
Motor Insurance
Provides financial protection against damage to or loss of vehicles, as well as liability coverage for injuries or damages caused to others in accidents.
Home Insurance
Home insurance, also known as homeowners insurance or property insurance, is a type of insurance policy that provides financial protection for your home and its contents. It typically covers damages to the structure of your home, as well as personal belongings inside, against perils such as fire, theft, vandalism, and certain natural disasters like windstorms or hail.
Fire Insurance
Fire insurance is a specific type of property insurance that provides coverage for damages or losses caused by fire. It typically covers damage to the structure of the insured property, as well as its contents, caused by fire or smoke.
Travel Insurance
Offers coverage for unexpected events such as trip cancellations, medical emergencies, lost luggage, and travel-related accidents.
