Life Insurance

a) Term Insurance-Term Insurance is the simplest and purest form of life insurance. It provides financial protection to your family at the most affordable rates. With term insurance, you can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to the nominee in case of the death of the person insured during the term of the policy.

b) Unit Linked Insurance Plan-A ULIP is an insurance plan that offers the dual benefit of investment to fulfil your long-term goals, and a life cover ` to financially protect your family in case of an unfortunate event. The premium paid towards a ULIP is divided into two parts. A part of it is contributed to your life cover ` , and the remaining is invested in the fund of your choice.

c) Investment insurance -An investment insurance plan, also known as a variable universal life insurance plan, provides both financial security as well as financial growth to the investor. It has two main parts:

Insurance plan

Investment