Life Insurance

Key Features

• Life insurance is a tool for ensuring your loved ones' financial security in the event of your death. We summarise common product types—term plans, whole life, endowment and unit-linked plans—without recommending any specific product.
• Term plans provide pure risk cover for a specified period at lower premiums
• Whole life policies offer coverage for your entire life and may accumulate a cash value
• Endowment plans combine insurance with a savings component, paying out a lump sum at maturity or death
• ULIPs (Unit-Linked Insurance Plans) invest part of your premium in market instruments, balancing insurance and investment
• Tax benefits under Section 80C available

Types of Life Insurance

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