Life Insurance is a contract by which you can protect yourself against specific losses by paying a premium over a period of time. Since each one of us, during our lives are faced with numerous risks - failing health, financial losses, accidents and even fatalities, our instinct drives us to cover ourselves against those risks. Though an insurance cover can't protect you against the emotional losses arising out of these risks, it softens the economic crisis that usually accompanies these losses.

Simply put, life brings with it many surprises, both pleasant and unpleasant. By taking a Life Insurance Plan one can ensure that he / she is better prepared to face uncertainties in number of ways.

Important:
  Keep the highest possible term
  Keep the maturity age as long as possible
  Choose the plan that has the lowest premium at your parameters
  Undergo medical tests, if required
  Keep the nominees informed
  Pay premiums every year

Term Plans:
Term life insurance ensures that your family receives a large lumpsum amount, called the sum assured, in the unfortunate event of death of the policyholder. By offering this benefit at extremely competitive rates, Term insurance plans provide an opportunity to get the protection of insurance cover at extremely affordable prices. It offers high death benefit at low premium but no maturity benefit.

Why should I start planning my life cover needs now?
  One should have adequate cover for dependents. It's better to be prepared and ensure that the financial needs        of your loved ones are taken care of, in the unfortunate event of death.
  With age, the premiums tend to increase and therefore buying term insurance becomes more expensive.
 Apart from the benefit of protection for your dependents, also enjoy tax benefits under Sec 80C up to Rs.        1,00,000.

Traditional Plans:
Popular and widely accepted products like Endowment, Whole life, Money Back and Pension plans with/ without guaranteed Maturity benefit fall under the category of Traditional Plans. Periodic payment of certain percentage of sum assured is made at regular intervals as premium and the Assured Sum is payable at Death / maturity.

Unit Linked Insurance Plans (ULIP):
ULIPs offer a unique combination of security from life insurance and earnings from investments along with various funds options. Like any traditional plan, ULIP also addresses various future financial needs which may come up for an individual, like Child education, Mid and long term Investment, Retirement, etc.