Whether it’s securing your child’s education, buying a new home, planning for retirement, generating additional income, building an emergency fund, funding a dream vacation, or saving for short-term goals, Goal-Oriented Insurance Plans are a powerful tool for realizing your aspirations.
Goal Oriented Insurance Plans
Term insurance is a basic type of life insurance meant only to provide protection. The insurer promises to pay the nominee or a family member a certain amount if the insured individual passes away within the policy’s term. This payment provides comfort to the beneficiary in difficult times by making up for the financial loss caused by the insured’s passing.
Child plans are a special kind of investment and insurance that work together to create a sizable fund for your child’s future requirements, such as college and a wedding. Upon maturity, these plans offer a sizeable lump sum payment that can be used to pay for wedding or tuition expenses.
We ensure that the insurance continues in the tragic event of the policyholder’s death by including the ‘Waiver of Premium’ rider. This guarantees that, come what may, your child’s dreams will be realised in accordance with their desires.
Retirement plans are a special kind of life and annuity plans that are designed to meet our needs for living and healthcare after retirement. These plans offer a consistent flow of income on a periodic basis, which replaces our normal salary when we retire, ensuring our financial security and freedom in our later years. With our personalised retirement plans, you may embrace financial security in retirement.
Critical Illness Insurance Plans offer crucial coverage against specific life-threatening conditions such as Cancer of Specified Severity, Heart Attack, Brain Surgery, Alzheimer’s Disease, and more.
Dealing with critical illnesses often entails numerous hospital visits over an extended period. Alongside hospitalization costs, there are additional expenses like doctor’s fees, medical bills, diagnostic tests, pharmacy charges, and more. A Critical Illness plan provides a lump sum payout to address these substantial expenses. The best part is that this lump sum benefit is in addition to any existing medical or health insurance coverage.
Health issues tend to strike unexpectedly, potentially burdening your family with the costs of treatment. There may also be a loss of income due to the illness. At times, families dip into their savings earmarked for their child’s education or their own retirement to cope with these financial challenges. However, a critical illness insurance cover steps in to provide the necessary funds when they are needed most.
Your pursuit of realizing your family’s dreams and aspirations is commendable. Whether it’s that dream vacation, your children’s higher education, supporting ageing parents, or securing a self-reliant retirement, you’ve dedicated yourself to earning and saving. However, relying solely on your regular income may not always suffice, and the recent COVID-19 pandemic has underscored the importance of financial stability beyond traditional employment.
Safeguard your family’s financial future and establish a guaranteed second income to cover expected and unexpected expenses.
Regular Income: Starting from the date you select, you’ll receive consistent income instalments regularly, providing financial stability for your loved ones.
Regular Income with Lump Sum: In addition to the regular income payments, you’ll also receive a lump sum payout and the final regular income instalment, further fortifying your financial security. Explore these options to secure your family’s future.
Special occasions like birthdays, anniversaries, and other cherished moments hold a special place in our hearts. With the Income Builder plan, you can make these moments even more joyous for you and your loved ones, ensuring the celebrations continue, even in your absence. Guarantee that you and your dear ones receive regular income instalments on these significant dates as a meaningful token of well wishes and blessings.
A Unit Linked Insurance Plan (ULIP) is a dynamic financial product that marries insurance coverage with investment opportunities. With ULIPs, a portion of your premium is allocated for life insurance, providing security for your loved ones. The remaining portion is invested in various funds, allowing your wealth to grow over time.
ULIPs offer you the flexibility to tailor your investment strategy, switch between funds, and adjust your risk preferences as your financial goals evolve. This adaptability sets ULIPs apart in the world of financial planning.
ULIP not only serve as a robust tool for wealth creation but also offers tax benefits, making them a tax-efficient choice. Additionally, disciplined premium payments encourage systematic savings, while the lock-in period ensures a long-term commitment to your financial goals.
In a nutshell, ULIPs provide a holistic approach to securing your financial future, offering both protection and the potential for wealth accumulation. It’s a smart way to safeguard your dreams and aspirations while building a strong financial foundation.
A Money-Back Insurance Policy is a versatile financial tool designed to provide both insurance protection and periodic payouts over the policy’s tenure. With this policy, you not only secure your family’s future but also receive a portion of the sum assured at regular intervals during the policy term.
Money-back policies are unique in that they offer a combination of life coverage and guaranteed returns. These periodic payouts can be utilized to meet various financial goals, such as funding your child’s education, covering medical expenses, or even enjoying a family vacation.
Moreover, in the unfortunate event of the policyholder’s demise, the full sum assured is paid to the nominee, ensuring the financial well-being of your loved ones. Money-back policies offer financial security, liquidity, and peace of mind, making them an attractive choice for those seeking both protection and financial rewards. It’s a reliable way to secure your dreams while receiving periodic benefits along the way.
