Life Insurance made simple
Find answers based on what matters the most to you – your loved ones, your goals and your future
Quick guides for your goals
Secure your family’s future
Build wealth
Plan for child’s future
Plan for life goals
Plan for retirement
Understand why your family’s tomorrow depends on today’s planning
Why is planning for your family’s future necessary?
Securing your family’s future is about laying a strong foundation that can weather anything. It means putting in place a financial safety net today that will support their needs, commitments, and aspirations tomorrow. Plan for your family’s tomorrow to ensure their lifestyle can continue without any disruption
What is a term insurance plan?
Term insurance is the simplest type of life insurance that provides a financial protection to your loved ones in your absence. It offers a fixed life cover^ to your family members in case of an unfortunate event during the policy term. This type of insurance provides high life coverage at a relatively affordable premium, which makes it an attractive financial tool for everyone
Why is having additional protection beyond savings important?
Savings may fall short or run out over time, especially after income loss. A term plan offers immediate and large financial assistance to support your family in a time of need when the savings alone may not be sufficient
What are the benefits of a term insurance plan?
A term plan offers peace of mind by
- Securing your assets
- You might have taken a loan like home loan, and repayment of these loans can financially weigh down your family in your absence. The proceeds from your term insurance plan can be used to pay off your loans and ensure that the financial burden does not fall upon your family
- Providing extra protection with riders
- The probability of developing a lifestyle disease increases with age. Some term insurance plans offer critical illness protection which not only protects your family in case of uncertain events but also during your lifetime
Why is planning for your family’s future necessary?
Securing your family’s future is about laying a strong foundation that can weather anything. It means putting in place a financial safety net today that will support their needs, commitments, and aspirations tomorrow. Plan for your family’s tomorrow to ensure their lifestyle can continue without any disruption
What is a term insurance plan?
Term insurance is the simplest type of life insurance that provides a financial protection to your loved ones in your absence. It offers a fixed life cover^ to your family members in case of an unfortunate event during the policy term. This type of insurance provides high life coverage at a relatively affordable premium, which makes it an attractive financial tool for everyone
Why is having additional protection beyond savings important?
Savings may fall short or run out over time, especially after income loss. A term plan offers immediate and large financial assistance to support your family in a time of need when the savings alone may not be sufficient
What are the benefits of a term insurance plan?
A term plan offers peace of mind by
- Securing your assets
- You might have taken a loan like home loan, and repayment of these loans can financially weigh down your family in your absence. The proceeds from your term insurance plan can be used to pay off your loans and ensure that the financial burden does not fall upon your family
- Providing extra protection with riders
- The probability of developing a lifestyle disease increases with age. Some term insurance plans offer critical illness protection which not only protects your family in case of uncertain events but also during your lifetime
Discover how disciplined planning can help you grow your wealth
Why do long-term financial goals require more than basic saving habits?
Saving regularly is important, but simply keeping money in a traditional saving tool might not help you achieve bigger dreams like buying a house or securing your child’s education. That’s because the value of money drops over time due to inflation.
Therefore, to truly build wealth for the long-term, you need to grow your money faster than inflation, which means investing in options that offer higher returns instead of just saving.
What is compounding and how does it help combat inflation?
Compounding means your investment earns returns not just on your original amount, but also on the earnings you’ve already made.
Over the years, this “earnings on earnings” effect can make your money grow much faster, turning small savings into a much larger amount. Because compounding can supercharge your returns, it helps your wealth grow faster than prices rise, protecting your money’s real value against inflation.
Quick example –
If you invest ₹1,000 and earn 10% annually, by year 3 you have ₹1,331, NOT just ₹1,300. That extra ₹31 is compounding working for you!
What is a ULIP plan?
A Unit Linked Insurance Plan (ULIP) is a financial product that combines life insurance and investments. Every payment you make for your premium has two parts:
- One part goes towards providing insurance for your family,
- The other part is invested in different funds like equity or debt.
This means you get the twin benefits of securing your loved ones and aiming for wealth growth, all in one plan.
How does a ULIP help in long-term wealth creation?
ULIPs, help you build wealth over time by encouraging disciplined, regular investment. Since a portion of your premiums is invested in market-linked funds, your money has the potential to grow, especially when invested for several years. Plus, the longer you stay invested, the more you benefit from compounding helping you create a bigger financial cushion for your life goals.
What are the benefits of choosing a ULIP?
- Dual benefit: Get both life insurance and an opportunity to grow your wealth
- Flexibility: Switch between multiple funds to suit your risk and life stage
- Partial withdrawals: After a 5-year lock-in period, you can access part of your investments if you need money
- Tax advantages: Enjoy certain tax benefits on premiums paid and tax free maturity proceeds
Why do long-term financial goals require more than basic saving habits?
Saving regularly is important, but simply keeping money in a traditional saving tool might not help you achieve bigger dreams like buying a house or securing your child’s education. That’s because the value of money drops over time due to inflation.
Therefore, to truly build wealth for the long-term, you need to grow your money faster than inflation, which means investing in options that offer higher returns instead of just saving.
What is compounding and how does it help combat inflation?
Compounding means your investment earns returns not just on your original amount, but also on the earnings you’ve already made.
Over the years, this “earnings on earnings” effect can make your money grow much faster, turning small savings into a much larger amount. Because compounding can supercharge your returns, it helps your wealth grow faster than prices rise, protecting your money’s real value against inflation.
Quick example –
If you invest ₹1,000 and earn 10% annually, by year 3 you have ₹1,331, NOT just ₹1,300. That extra ₹31 is compounding working for you!
What is a ULIP plan?
A Unit Linked Insurance Plan (ULIP) is a financial product that combines life insurance and investments. Every payment you make for your premium has two parts:
- One part goes towards providing insurance for your family,
- The other part is invested in different funds like equity or debt.
This means you get the twin benefits of securing your loved ones and aiming for wealth growth, all in one plan.
How does a ULIP help in long-term wealth creation?
ULIPs, help you build wealth over time by encouraging disciplined, regular investment. Since a portion of your premiums is invested in market-linked funds, your money has the potential to grow, especially when invested for several years. Plus, the longer you stay invested, the more you benefit from compounding helping you create a bigger financial cushion for your life goals.
What are the benefits of choosing a ULIP?
- Dual benefit: Get both life insurance and an opportunity to grow your wealth
- Flexibility: Switch between multiple funds to suit your risk and life stage
- Partial withdrawals: After a 5-year lock-in period, you can access part of your investments if you need money
- Tax advantages: Enjoy certain tax benefits on premiums paid and tax free maturity proceeds
Know how preparing today ensures a brighter tomorrow for your child
Why is it important to plan separately for your child's key milestones?
As a parent, you want to give your child the very best—whether it’s a great education, support for their talents, or celebrating important moments like higher studies or their wedding. Daily expenses and routine savings may not be enough to meet these big goals. By planning separately for each milestone, you ensure that your child’s dreams get the focus (and financial support) they deserve, no matter what life brings.
What are the benefits of starting to plan for your child’s future early on?
Starting early gives your family a huge advantage. The money you set aside has more time to grow, thanks to compounding—meaning you can reach bigger goals with even small, regular contributions. You also get more peace of mind, knowing that when the time comes for college or any major expense, you’re fully prepared and your child won’t lose out on opportunities.
What are some reliable financial instruments to help plan for your child’s future?
As a parent, you have several smart options to secure your child’s future:
- Child savings plans: Special plans designed to build funds for important milestones.
- Recurring or fixed deposits: Simple, low-risk ways to save with assured returns.
- Mutual funds: Great for growing long-term wealth with manageable investments.
- Government schemes: Like Sukanya Samriddhi Yojana for girl children.
What is a child savings plan?
A child savings plan is a specially crafted financial product that helps you systematically build a fund for your child’s life goals—such as higher education or a big celebration. Not only does it encourage regular saving or investing, but it also offers insurance protection, so your child’s plans can stay on track even if something unexpected happens.
In what ways can a child savings plan assist with your child’s future needs?
- Goal-oriented growth: You set a specific target—like college expenses for your child—and the plan guides you towards it step by step.
- Well-timed payouts: Many plans offer money exactly when it’s needed for fees or other milestone moments.
- Financial reassurance: You’ll feel confident knowing that, even if life gets busy or unpredictable, you’ve secured a dedicated fund for your child’s future needs.
Why is it important to plan separately for your child's key milestones?
As a parent, you want to give your child the very best—whether it’s a great education, support for their talents, or celebrating important moments like higher studies or their wedding. Daily expenses and routine savings may not be enough to meet these big goals. By planning separately for each milestone, you ensure that your child’s dreams get the focus (and financial support) they deserve, no matter what life brings.
What are the benefits of starting to plan for your child’s future early on?
Starting early gives your family a huge advantage. The money you set aside has more time to grow, thanks to compounding—meaning you can reach bigger goals with even small, regular contributions. You also get more peace of mind, knowing that when the time comes for college or any major expense, you’re fully prepared and your child won’t lose out on opportunities.
What are some reliable financial instruments to help plan for your child’s future?
As a parent, you have several smart options to secure your child’s future:
- Child savings plans: Special plans designed to build funds for important milestones.
- Recurring or fixed deposits: Simple, low-risk ways to save with assured returns.
- Mutual funds: Great for growing long-term wealth with manageable investments.
- Government schemes: Like Sukanya Samriddhi Yojana for girl children.
What is a child savings plan?
A child savings plan is a specially crafted financial product that helps you systematically build a fund for your child’s life goals—such as higher education or a big celebration. Not only does it encourage regular saving or investing, but it also offers insurance protection, so your child’s plans can stay on track even if something unexpected happens.
In what ways can a child savings plan assist with your child’s future needs?
- Goal-oriented growth: You set a specific target—like college expenses for your child—and the plan guides you towards it step by step.
- Well-timed payouts: Many plans offer money exactly when it’s needed for fees or other milestone moments.
- Financial reassurance: You’ll feel confident knowing that, even if life gets busy or unpredictable, you’ve secured a dedicated fund for your child’s future needs.
Know how planning today can help reaching your milestones
Why is financial planning important for life’s big goals?
Financial planning helps turn your dreams into achievable milestones, on time and without stress. Here is why it matters:
- It breaks down your big goals like buying a house or funding your child’s education into time-bound, measurable targets (How much and when to save)
- Ensures that you have the right amount of money at the right time by balancing multiple goals through prioritization and allocation of money
What is a guaranteed income plan and how does it work?
A guaranteed income plan is a life insurance-based savings product that gives you fixed, 100% assured payouts in exchange for regular savings. With this plan, you pay your premiums regularly for fixed number of years and get guaranteed payouts for a pre-defined period.
How can a guaranteed income help fulfil key milestones?
A guaranteed income plan provides fixed payouts at a time you chose giving you control over your finances. When these payouts are aligned with your goals, you will have the money you would need without depending on loans, last-minute savings or emergency funds.
What are the benefit of guaranteed income plans over market linked plans?
Guaranteed income plan gives you stability, as you know how much you’ll get and when. This allows you to plan your expenses and life goals with confidence without worrying about market ups and downs.
Why is financial planning important for life’s big goals?
Financial planning helps turn your dreams into achievable milestones, on time and without stress. Here is why it matters:
- It breaks down your big goals like buying a house or funding your child’s education into time-bound, measurable targets (How much and when to save)
- Ensures that you have the right amount of money at the right time by balancing multiple goals through prioritization and allocation of money
What is a guaranteed income plan and how does it work?
A guaranteed income plan is a life insurance-based savings product that gives you fixed, 100% assured payouts in exchange for regular savings. With this plan, you pay your premiums regularly for fixed number of years and get guaranteed payouts for a pre-defined period.
How can a guaranteed income help fulfil key milestones?
A guaranteed income plan provides fixed payouts at a time you chose giving you control over your finances. When these payouts are aligned with your goals, you will have the money you would need without depending on loans, last-minute savings or emergency funds.
What are the benefit of guaranteed income plans over market linked plans?
Guaranteed income plan gives you stability, as you know how much you’ll get and when. This allows you to plan your expenses and life goals with confidence without worrying about market ups and downs.
Discover how planning for retirement can shape your golden years
Why is retirement planning essential?
Retirement planning ensures you have control, stability and zero stress in your later years. It gives you freedom to keep chasing your life goals from family milestones to personal passions. It helps you
- Prepare for rising healthcare costs
- Maintain your standard of living
- To leave a legacy wealth for your family
What is a retirement plan and its advantages?
A retirement plan helps you build savings during your working years so you can have a financial safety net after you retire. With a retirement plan you get
- Regular income stream: Most plans provide a steady monthly or annual income helping you maintain your lifestyle even after your working years
- Built in life cover: Some plans offer an inbuilt life cover that protects your family in case of unforeseen event
- Tax benefits: Retirement plans like NPS, PPF or Pension ULIP’s can give you tax deductions under 80C and 80CCD
What’s the best time to start planning for financially independent retirement?
The best time to start planning for retirement is as early as possible (ideally from your first salary). Starting early gives your money more time to grow through compounding, helping you build a large retirement corpus.
Why is retirement planning essential?
Retirement planning ensures you have control, stability and zero stress in your later years. It gives you freedom to keep chasing your life goals from family milestones to personal passions. It helps you
- Prepare for rising healthcare costs
- Maintain your standard of living
- To leave a legacy wealth for your family
What is a retirement plan and its advantages?
A retirement plan helps you build savings during your working years so you can have a financial safety net after you retire. With a retirement plan you get
- Regular income stream: Most plans provide a steady monthly or annual income helping you maintain your lifestyle even after your working years
- Built in life cover: Some plans offer an inbuilt life cover that protects your family in case of unforeseen event
- Tax benefits: Retirement plans like NPS, PPF or Pension ULIP’s can give you tax deductions under 80C and 80CCD
What’s the best time to start planning for financially independent retirement?
The best time to start planning for retirement is as early as possible (ideally from your first salary). Starting early gives your money more time to grow through compounding, helping you build a large retirement corpus.
Key life insurance terms explained
Accidental death benefit
Benefit, which provides for the payment of an additional sum (usually equal to the sum insured of the basic policy) in the event of death by an accident.
Endowment
A type of insurance policy which provides for the face amount stated in the contract to be payable on fixed date or on the life insured's earlier death.
Participating policy
A participating policy is also known as a with-profits or par policy. A participating policy charges a higher premium than a non-participating policy. In return, the policy owner shares in the life insurance company's divisible surplus, in the form of the bonus allotted to the policy. The bonus is allotted in addition to the guaranteed sum assured. This bonus is paid along with the basic sum assured.
Waiting period
This applies when the benefit is payable after a specified period. For certain benefits, the cover may only commence after a specified period. For example, if a diagnosis of cancer or heart attack is made within 180 days of the commencement of the policy the critical illness benefit is not payable.
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