Protect Your Family's Financial Future.
Life insurance is a contract in which an insurer agrees to pay a defined benefit to the nominee or beneficiary on the insured event, subject to the policy's terms and conditions. It helps protect your family's financial goals if your income stops unexpectedly.
Common Types of Life Insurance
- Term Insurance — Pure protection cover for a defined period, generally at comparatively lower premiums.
- Endowment & Savings Plans — Combine life cover with a savings component, with benefits as per the policy terms.
- ULIPs — Market-linked plans that combine insurance and investment. Returns depend on market performance and charges apply.
- Retirement & Pension Plans — Plans designed to provide income after retirement, as per the policy terms.
What to Check
- Whether the sum assured fits your income, liabilities and goals
- The policy term and premium payment term
- Exclusions, waiting periods and available riders
- The insurer's claim settlement record
- Accurate disclosure of information, as non-disclosure may affect claims
How VALUE ADDITION Helps
We help you assess how much cover you may need, understand policy features and exclusions, and facilitate the purchase and servicing of your policy.
Important note
Insurance is the subject matter of solicitation. Benefits, premiums, exclusions and claim settlement are governed by the terms and conditions of the policy issued by the insurer. Please read the policy document carefully before buying. This page is general information, not insurance advice.