Term insurance plans

These are protection-oriented plans which cover the risk of premature death. In case the life assured passes away during the policy tenure, a death benefit is paid. Some term plans offer the return of premium option, too, wherein the paid premiums are refunded on maturity.

Endowment plans

These are savings-oriented life insurance plans which help you create a corpus for your goals. The plan covers the risk of premature death and also pays a death benefit in case the life assured passes away during the policy tenure. However, if the life assured survives the tenure, a maturity benefit is paid.

Money-back plans

These plans are like endowment plans, which offer a death benefit on the premature demise or a maturity benefit if the policy matures and the life assured is alive. The main difference is the survival benefit paid during the policy tenure.

Under these plans, a part of the sum assured is paid as money back benefit during the policy term.This creates liquidity for policyholders.

Child plans

These plans are goal-oriented life insurance plans which parents can avail for their child These plans help in creating a corpus for your child’s future.

Many plans come with an inbuilt premium waiver benefit, which waives the premium if the parent passes away. The policy continues undisturbed, and the plan benefits are paid on maturity. This creates a secured corpus for the child’s future even when the parent is not around.

Pension plans

These are retirement-oriented life insurance plans which help in creating a retirement corpus and generating an assured annuity payable for life.