1. Life Insurance Products

Life insurance products provide financial security for dependents in case of the insured’s death, and some also combine insurance with savings/investment.

  • Term Insurance

    • Pure risk cover, pays sum assured on death.

    • Cheapest form of life cover, no maturity benefit.

  • Whole Life Insurance

    • Coverage for the entire lifetime.

    • Provides death benefit + sometimes bonus.

  • Endowment Plans

    • Combines life insurance + savings.

    • Pays sum assured on death or maturity (whichever earlier).

  • Money-Back Policies

    • Periodic payouts during the policy term + death/maturity benefit.

  • Unit Linked Insurance Plans (ULIPs)

    • Insurance + investment (in equity, debt, or hybrid funds).

    • Returns depend on market performance.

  • Pension / Annuity Plans

    • Help build retirement corpus.

    • Provide regular pension after retirement.

  • Child Plans

    • Insurance + savings for children’s education/marriage.