Apply for Loan

Feedback Suggestions

Life Insurance

Human being can be considered as an income-generating asset whose value depends on his or her skill and lifespan. While premature death or disability can be a huge mental setback for the dependents of the deceased, it is also a significant financial loss. Whereas living too long is a great financial burden because meeting the expenses of old age can be a challenging task. Life Insurance is the process of making alternate arrangements whereby such financial loss can be mitigated.

Life Insurance also supports the insured in the event of
  • Sickness
  • Disabilities
  • Unemployment
  • Acts as collateral while applying for loans
Understanding an insurance policy

There are a few terms involved in the process of acquiring and maintaining a life insurance policy.

Here is a snapshot of the same:


This is the payment made to participate in an insurance scheme and to keep the insurance coverage going. Premium depends on the following points

  • Age of the person
  • Lifestyle of the person
  • Type of insurance policy selected
  • Term of premium payment
  • Term of policy
Term of the Policy

This is the duration or the number of years to be insured, the longer the term the lower the premium.

Premium Paying Term

Is defined as the interval of period that requires one to pay the premium. The tenure of the policy and the premium paying terms can be different. Premiums can be paid monthly, quarterly, half-yearly or yearly. There are single premium policies also wherein premium is to be paid only once.

Sum Assured

It is the value of the insurance cover. In the event of the death of the life assured, the sum assured is the amount that the dependent (nominee) receives.

Contact Us to know more about the various kinds of Life Insurance policies and to identify if you need to invest in a policy.