Term insurance is a life insurance product, which offers financial coverage to the policyholder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary.
The purpose of taking life insurance is to provide life cover to the policyholder and financial security to his family.
Guaranteed Income plans
Guaranteed income insurance plans are designed for investors who are risk-averse. It gives dual benefit of traditional insurance plans and guaranteed income at maturity that you will need it in the future.
Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalisation costs, cost of medicines or doctor consultation fees.
Health insurance protects you form unexpected and high medical costs.
The auto insurance policy protects the vehicle and vehicle owner from any risks and damages that may lead to financial losses arising out of road accidents, theft, thrid party liabilities, natural or man-made calamities.
Travel Insurance is a type of insurance that covers different risks while traveling. It covers medical expenses overseas, lost luggage, flight cancellations and delays, and other losses that a traveler can incur while traveling.
Tax Saving Investment Plans
Tax saving plans offer tax deductions under 80C or 80CCC. They not only provide tax exemption but also help you earn a decent tax-free income.