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Understanding your options for financial protection and security
Life insurance is a financial contract or arrangement between an individual (the policyholder) and an insurance company. In this arrangement, the policyholder pays regular premiums to the insurance company, and in return, the insurance company provides a death benefit to the policyholder's designated beneficiaries upon the policyholder's death. Life insurance is designed to provide financial protection and support to the policyholder's loved ones or beneficiaries in the event of their passing.
Life insurance is a kind of life insurance that offers protection for a predetermined number of months or years, or a term. In the tragic event that the insured passes away during the policy term, this sort of life insurance offers a financial benefit to the nominee. Low-cost term insurance products offer excellent life coverage.
For example: The cost of a $1 billion term insurance policy might be as low as $485* every month. These set premiums may be paid all at once, periodically, for the duration of the policy, or only temporarily. Depending on the type of premium payment method selected by the buyer, the premium amount varies.
A long-term, pure financial protection strategy designed to safeguard your family's financial well-being. Term insurance provides coverage for a specific period (term), such as 10, 20, or 30 years. If the policyholder dies within the term, a predetermined amount is paid to their beneficiaries.
Offers lifetime coverage, extending until age 99, ensuring long-lasting life protection. Includes a savings component and higher premiums than term insurance.
Allows investment in a diversified mix of equity and debt funds, with a 5-year lock-in period for partial withdrawals.
Ensures the guaranteed receipt of the intended sum at the policy's maturity, providing financial security.
Aids in the management of cash flows, particularly for goals like financing your child's education or marriage.
Helps you build a substantial retirement fund or establish a pension to secure your golden years.
Safely invest in your child's higher education and marriage goals while providing life insurance coverage.
Beneficial for corporations and other organizations to protect their employees and customers from unforeseen risks.
Direct your savings toward achieving future financial objectives.
The regular payment made for the life insurance policy.
The person or entity who receives the death benefit upon the insured's passing.
The payout given to the beneficiary upon the insured's death.
The duration for which the life insurance policy is valid.
The sum of money the policy pays to the beneficiary.
The process of assessing an applicant's risk and determining policy eligibility and premiums.
The savings component in some policies that can grow over time.
Optional policy add-ons that offer extra coverage or benefits.
Provides coverage for a specified period with lower premiums.
Offers lifetime coverage with a savings component and higher premiums.
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