Buy Now
Main Colors:

Life Insurance


Life insurance

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental medical procedure or by taking medication resulting in injury or death.


Why is it important?t

Life Insurance is not an expense, many people think of it as one & choose to completely ignore its importance. It’s a very essential tool that will help you secure and built wealth and at the same time offer complete protection to you and your family.

Death Benefit

The death benefit is the primary feature of a life insurance plan, and regardless of which type of plan you invest in, the death benefit remains integral. You should ensure that your family has adequate death benefit cover to take care of the household expenses, as well as future financial goals.

Investment benefits

In general, life insurance plans not only serve as financial instruments to provide a replacement for income loss, but they also function as an investment opportunity. Throughout the policy tenure, you can avail significant returns on your investment.

This benefit is offered by all the life insurers be it private sector life insurer’s or public sector life insurers. Additionally, the maturity benefits of life policies also qualify for tax deductions under section 10(10) D of the Income Tax Act, 1961.

Life insurance plans help protect your savings in case you are diagnosed with a severe health condition. Life insurance plans offer protection cover against named critical illnesses, including kidney failure, cancer, heart attack, and stroke, through its Critical Illness (CI) Benefit / Rider. Thus, the policyholder will receive a lump sum if he or she is diagnosed with any critical health conditions as outlined by the rider.

Life insurance that provide an option for policy holder’s who own a business. In the case of policy holders’ demise, their business partner’s can purchase the policy holder’s share without any hassles. In this scenario, the business partner’s will simply have to sign an agreement with the life insurer and the pay out received after selling the policy holder’s share without any hassles

Life Insurance policies can be also used as a loan collateral, predominantly this facility is used during purchase of a house / flat were the housing loan provider i.e. Bank or NBFC (Non-Banking Finance company) insist on you having life insurance if you don’t have one or have insufficient cover compared to the loan amount and attach the same to house / flat loan taken.

Send Us a Message

Contact Info

  •    211, Jagat Trade Centre ,Fraser Road Patna

  •    (+91)9430046393

  •  (+91) 7061994929


  •    Mon-Fri 09:00 - 17:00

We focus on advice consulting business financials Get A Quote