Insurance
Guided by expertise gained over 20 years of achieving success for clients, we practice with passion and strategic focus on the future.
LIFE INSURANCE
Life insurance is a financial product designed to provide financial security to the policyholder’s beneficiaries in the event of their untimely death.
Anyone with dependents—such as children, a spouse, or retired parents—should consider life insurance, as their sudden absence could leave the family without a source of income, leading to financial hardship.
If you have outstanding debts like a home loan or car loan, having life insurance becomes even more essential, as it can help ensure your family isn’t burdened with those financial obligations.
Our Services
Health Insurance
In recent years, the cost of quality healthcare in India has escalated significantly. For serious health issues, hospitalization can cost between Rs 5 to 10 lakhs, depending on the severity of the condition and the treatment methods chosen. Health insurance provides coverage for a broad spectrum of hospitalization expenses arising from accidents and illnesses. It usually covers the following costs:-
- Hospital room and board costs
- Fees for physicians, surgeons, anesthetists, and various specialists
- Expenses for medical treatments like surgeries and dialysis
- Costs associated with medications, medical devices, and consumables
- Diagnostic tests and procedures such as X-rays, ECGs, MRIs, and anesthesia
Certain health insurance policies may also provide coverage for pre-hospitalization medical costs, including tests and diagnoses, up to the limit of your health insurance coverage (sum insured). For example, if your health insurance sum insured is Rs 5 lakhs and your hospital expenses amount to Rs 6 lakhs, the insurance company will reimburse Rs 5 lakhs, and you will need to pay the remaining Rs 1 lakh.
Health insurance claims can be made on a cashless basis or through reimbursement. In a cashless claim, you do not have to pay out of your own pocket; the insurance company directly pays the hospital for your medical bills. In contrast, with reimbursement, you must first pay the hospital bills and then claim the amount back from the insurer by providing the necessary receipts. Cashless claims are generally more convenient, but they require you to visit a hospital that is part of the insurance company's network.
Unit Linked Insurance Plan
Unit Linked Insurance Plans (ULIPs) are innovative financial instruments that merge insurance protection with investment opportunities. The primary distinction between ULIPs and conventional life insurance policies lies in their market-linked nature. In a ULIP, a fraction of your premium is dedicated to providing life insurance coverage, while the rest is invested in market securities such as equities and bonds. You can think of ULIPs as a combination of a Term Life Insurance policy and a Mutual Fund. While ULIPs are exposed to market risks that could result in losses, they also have the potential to yield significantly higher returns than traditional life insurance products. There are various ULIP options available, each catering to different risk profiles, and consulting with an insurance advisor can help you find a plan that suits your investment strategy.
Key Features of ULIPs:
- Flexibility in Investment Choices: ULIPs allow you to choose from a range of fund options based on your risk appetite—ranging from high-risk equity funds to low-risk debt funds.
- Switching Option: Most ULIPs offer the flexibility to switch between funds as your financial goals or market conditions change, usually without tax implications.
- Tax Benefits: Premiums paid toward ULIPs are eligible for tax deductions under Section 80C, and the maturity proceeds may be tax-free under Section 10(10D), subject to conditions.
- Transparency: ULIPs clearly disclose charges, fund values, and performance, helping investors make informed decisions.
- Goal-Based Planning: ULIPs are ideal for long-term financial goals such as retirement, children’s education, or wealth accumulation, offering both protection and returns over time.
- Lock-In Period: ULIPs have a mandatory 5-year lock-in period, which encourages disciplined investing and long-term wealth creation.
Term Insurance
Term Insurance is a straightforward and cost-effective way to secure your family's financial future. It provides life coverage at low premiums, ensuring that a designated beneficiary receives a payout upon the insured's death.
Unlike investment plans, Term Insurance focuses solely on protection, with premiums not yielding any returns.
Key Features:
- Cost-Effective: Premiums are low as they are entirely allocated to life coverage without investment components.
- Flexible Policy Term: Choose a policy duration from 5 to 99 years based on your family's needs.
- Age Eligibility: Available for individuals aged 18 to 65.
- Maturity Benefits: A Term Plan serves as a straightforward life insurance solution, designed to provide financial security for your beneficiaries in the event of your demise during the policy term. Additionally, certain policies may offer a return of premiums at the conclusion of the term, should no claims be filed.
Flexibility:
You can purchase a term insurance policy between the ages of 18 and 65.
Add-ons:
Term plans offer riders such as critical illness coverage, accidental death benefits, and premium waiver for permanent disability.
Tax benefits:
Premiums for your Term Plan are deductible under Section 80C of the Income Tax Act (1960). Additionally, health-related riders may qualify for deductions under Section 80D. the Income tax Act (1960), for that part of the premium.
Ready to Build a Safer Tomorrow with Insurance?
Don't wait to safeguard your future—connect with us now and take charge of your insurance needs.