Term Insurance Plans
Term insurance is the cheapest form of Life Insurance available. Since a term insurance contract only pays in the event of an eventuality, the life cover comes at low premium rates. Term insurance is a useful tool to purchase against risk of early death and/or protection of an asset (housing loan).

Endowment Plans
Endowment plans are savings and protection plan(s) that provide a dual benefit of protection as well as savings. Endowment plans pay a death benefit in the event of an eventuality; should the customer survive the benefit period, a maturity benefit is paid to the life insured.

Whole of Life Plans
A Whole of Life plan provides Life Insurance cover to an individual up to a specified age (85 or 100). A whole of life plan is suitable for an individual who is looking for an extended Life Insurance cover and/or wants to pay premium over as long a tenure as possible, to reduce the amount of up front premium payment.

Single Premium Plans

Single Premium plans are investment plans offered by a Life Insurance company. The insurance company generally pays a guaranteed interest rate on the single premium investment. Returns from single premium plans are tax free in the hands of the customer.

Pension Plans
Pension plans allow an individual to save in a tax-deferred manner. An individual can either contribute through regular premiums or make a single premium investment. Savings accumulate over the deferment period. Once the contract reaches the vesting age, the individual has the option of choosing an annuity plan from a Life Insurance company. An annuity is paid till the life time of the insured or a pre-determined period depending upon the annuity option chosen by the life insured.

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