Accidental Death Benefits
Term Life Insurance
Health Insurance
What is Term Life Insurance?
Term life insurance is a safety net for your dependents in case of unfortunate and untimely death. This insurance is recommended especially for those who are sole breadwinner of their family. It is the cheapest way to cover yourself which enables you to support a worry-free financial future for your family. It acts as a nest egg created for your family on your behalf.
How Term Life Insurance Works?
When you buy a term life insurance policy, the insurance company determines the premiums based on your age, gender, sum assured and health conditions. The insurance company may also inquire about your current medications, smoking status, occupation, hobbies, and family history. If there is an unfortunate death of the life assured during the policy term, the insurer will pay the policy’s face value to your beneficiaries. The benefit pay-outs may be used by beneficiaries to settle pending debts and have a stable living in your absence. However, if the policy expires before life assured’s death, there is no pay out given to anyone. Hence it is important to have the policy cover from early age till the time you have created ample savings for a peaceful & happy life.
Additional Cover
Term Life Insurance allows customers to enhance their base policy with additional coverages, offering broader protection at a nominal extra cost. Options include accidental death benefit, critical illness rider, and waiver of premium.
-
-
Accidental Disability Benefits
-
Critical Illness Benefits
Hope for the Best,
Prepare for the Worst
Benefits of Term Insurance
Some of the salient benefits of the product include:
-
Substitution of Lost Income for the Family
-
Family can be safe and the dreams can be fulfilled
-
Maintaining the Lifestyle of the loved ones
-
Financial Security
-
Tax Savings
What is Health Insurance?
Health insurance or medical insurance, is a important form of insurance coverage that provides financial protection to individuals in the event of illness or accident or any kind of hospitalization. By paying a regular premium, policyholders gain access to comprehensive medical treatments & services, including hospitalization, day-care procedures, critical illness treatments, and much more.
Types of Health Insurance
Individual Plan
Individual health insurance, also known as Personal health insurance, is a type of health coverage that individuals purchase to provide healthcare coverage for themselves during illness or any kind of hospitalization
Family Floater Plan
Family floater health insurance covers the entire family under a single plan, using a collective sum insured for any member during a medical emergency. It includes spouses, parents/in-laws, and dependent children, making it cost-effective with premiums based on the oldest family member’s age.
Senior Citizens Plan
A senior citizen health insurance plan is a specialized health insurance policy that ensures adequate coverage to meet the healthcare needs of elderly individuals who are aged 60 or older.
Top-up Plan
If you already have basic health insurance or you can afford to pay for your medical expenses up to a certain amount, then you may want to consider a Top-up Health Plan. This type of plan offers additional health coverage beyond your current limit & may offer additional benefits depending on the plan you choose.
Group Health Insurance Plan
Group Health insurance provides coverage to a group of individuals who are affiliated with a common organization or employers. This type of insurance is commonly offered by employers to their employees as part of their employee benefits, but it can also be provided to members of other organizations such as professional associations, trade unions, or affinity groups. Group health insurance offers several advantages, including cost savings, easier access to coverage & also motivate employees to stay with such an Organization.
Critical Illness Cover Plan
Critical illnesses such as cancer, stroke, kidney failure, major organ transplantation, heart attack, and others are highly dangerous and often require long-term medical treatments. One vital way to secure coverage for these illnesses is through a Critical Illness Insurance Plan, also known as a Fixed Benefit Health Plan. These plans offer a fixed lump sum payout in the event of the diagnosis of critical illness. This payment is made regardless of the actual medical expenses incurred and can be used at the policyholder’s discretion.
Benefits of Health Insurance
Some of the salient benefits of the product include:
-
Pre & Post Hospitalization Expenses are covered
-
Hospitalization Expenses are taken care
-
Coverage for Pre-Existing Diseases
-
No Claim Bonus or Cumulative Bonus
-
Cashless Treatment
-
Tax benefits under section 80D
