About Life Insurance

With life insurance options catered to each stage of life, you can incorporate legacy planning and long-term security into your financial plan. These policies provide protection and peace of mind by fusing strategic wealth creation with risk management. Our life insurance products enable families to deal with life’s uncertainties with stability and resilience by incorporating intelligent financial tools and adaptable premium options.

Why You Need It

Because life is unpredictable, life insurance makes sure your loved ones will have financial security even if you are not around. It facilitates goal-based savings, estate planning, and tax efficiency in addition to acting as a safety net. With life insurance, you can plan for a future in which your dependents’ financial security and aspirations are unaffected by anything.

Frequently Asked Question

Q: What are the different types of life insurance policies available?

 

A: Common types include term insurance, whole life insurance, endowment plans, money-back policies, and unit-linked insurance plans (ULIPs).

Q: How do term insurance and whole life insurance differ?

 

A: Term insurance offers pure risk coverage for a fixed period, while whole life insurance provides coverage for the policyholder’s entire life, often with a savings component.

Q: What happens if I miss a premium payment?

 

A: Most policies offer a grace period (usually 15–30 days). If missed beyond that, the policy may lapse, though you may be able to revive it within a specified timeframe.

Q: Can I change the nominee of my life insurance policy?

 

A: Yes, you can update or change your nominee anytime by submitting a written request and completing the insurer’s required process.

Q: Are life insurance proceeds taxable in India?

 

A: Generally, life insurance payouts are tax-free under Section 10(10D), provided conditions like the premium-to-sum-insured ratio are met.