What this service is about
This policy provides financial security to the family in case of demise of the earning member. This policy can also be taken for housewives as their demise can cause increase of expenses for the family, for which this policy provides financial relief. Tax benefit can be claimed on life insurance policies. Life insurance policies can be of several types.
Who this may be relevant for
Individuals, families and businesses seeking to reduce the financial impact of specified life, health, asset, liability or operational risks.
What the conversation can help clarify
- Identify the risk being transferred
- Compare coverage scope, limits, exclusions and deductibles
- Coordinate quotation and documentation
- Review protection as needs change
Typical next-step structure
Options within Life Insurance
Term Policy
This type of a life policy covers life up to 99 years. This is the cheapest type of life insurance policy. In this policy the family of the insured ge
Money back Policy
This type of life insurance policy is more expensive than the term policy. In this policy the family of the insured gets insured amount on the demise
Endowment Policy
This type of life insurance policy is the more expensive of than the money back policy. In this policy the family of the insured gets insured amount o
Keyman Policy
Most of the businesses have a key person (CEO, founder, business owner) who is key to the success of the business and whose demise can severely impact
Group Life Insurance Policy
This policy is taken by a business to provide life cover to all their employees as a group. In case of demise of an employee, the family gets paid by
Questions about Life Insurance
This policy provides financial security to the family in case of demise of the earning member. This policy can also be taken for housewives as their demise can cause increase of expenses for the family, for which this policy provides financial relief. Tax benefit can be claimed on life insurance policies. Life insurance policies can be of several types.
Individuals, families and businesses seeking to reduce the financial impact of specified life, health, asset, liability or operational risks.
Review coverage, sum insured, waiting periods, exclusions, deductibles, underwriting requirements, premium and claim conditions in the insurer's policy wording.