Is Your Family’s Financial Future Truly Secure?

What Is Life Insurance and How Does It Work?

Life insurance is a contract where you pay a premium, and the insurer guarantees a tax-free financial sum (Death Benefit) to your family after your passing.

How it works:
✔ Waiting Period before full coverage begins
✔ You choose your beneficiaries (family, spouse, children)
✔ Insurer pays a lump sum to secure your family’s lifestyle and expenses

Types of Life Insurance Plans

A. Term Life Insurance

The most affordable option. Provides coverage for a fixed duration (10–30 years). If you pass away during the term, your family receives the payout.

B. Whole Life Insurance

Coverage for your entire lifetime with added cash value growth. Acts as a financial asset that builds guaranteed value over time.

C. Universal Life Insurance

Flexible premiums + lifelong protection. Cash value grows tax-deferred with adjustable benefits as your financial needs change.

D. Final Expense Insurance

A smaller policy meant to cover funeral costs, cremation, and unpaid medical bills, ensuring your family doesn’t face financial burden during loss.

Why Do You Need Life Insurance?

• Replaces lost income for your family
• Pays off loans, mortgages, and outstanding debts
• Covers aging parents who depend on you
• Allows you to leave a financial legacy

What Does Life Insurance Cover?

✔ Covered:

• Natural Death (illness, disease, old age)
• Accidental Death (road accidents, falls, etc.)
• Death due to natural disasters

❌ Not Covered:

• Suicide within the first two years
• Fraud or misinformation during policy application
• Death from hazardous risky activities (unless added)

How Much Does Life Insurance Cost?

Premiums depend on your age, lifestyle, and health.

• Age 25: As low as ₹2,000–₹3,000 per year
• Age 65+: Can be significantly higher due to risk
• Smokers: Pay 2×–3× higher premiums

Death benefits are generally 100% tax-free.

How to Choose the Best Life Insurance Plan

• Choose Term Life if you’re young and want large coverage at low cost.
• Choose Whole or Universal Life if you want cash value growth.
• Choose Final Expense if you want to cover funeral and last-stage medical bills.