Long-term financial protection for the people who depend on you.
Life insurance provides financial protection for dependants. Term insurance offers pure protection — a large sum assured for a relatively low premium, with no maturity value. Savings, endowment and investment-linked plans combine protection with a return component, at substantially higher cost for the same cover.
Life cover is the one financial product bought entirely for someone else’s benefit. Its purpose is to ensure that dependants can maintain their circumstances if the earner is no longer there — covering outstanding liabilities, ongoing living costs, education and long-term obligations.
Under-insurance is widespread. Sum assured is frequently set at a round figure rather than calculated against outstanding liabilities and income replacement need. The second issue is product mix — buying a savings-linked plan for protection delivers considerably less cover per rupee than term insurance.
Each placed across our insurer panel and structured around your actual exposure rather than a standard template.
If your operations fall into any of these, this category is likely relevant to your risk profile.
A common benchmark is ten to fifteen times annual income, adjusted for outstanding liabilities and existing assets. Calculation matters more than the benchmark.
Term is pure protection with no maturity value and low premium. Endowment combines protection and savings, with much higher premium for the same cover.
Yes. It indicates how reliably an insurer pays claims, and is one of the few objective comparison points between otherwise similar products.
Usually above a certain sum assured or age. Disclosure accuracy matters more than the test itself — non-disclosure is a principal cause of claim rejection.
Yes, subject to insurer criteria on country of residence, medical examination requirements and documentation.
Most policies have a grace period. Beyond it the policy lapses, though revival is usually possible within a defined window subject to conditions.