LIFE INSURANCE

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Life Insurance

Insurance is a highly misunderstood product and it's often bought and sold for the wrong reasons. At the same time, it's a very important part of your life and you must know certain ground rules for making the right decisions in the New Year. Many of us consider insurance just another investment for tax saving. Our day-to-day life is full of unpredictable risks for example loss of life, loss of income, critical illness, disability, etc. Insurance planning means figuring out adequate cover against "insurable risks" and getting the maximum out of the premium you pay. Tax exemption is just another aspect of it.

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Having the right insurance cover gives you peace of mind as it provides financial support in case of contingencies.

Insurance is for the earning member of the family

Life insurance is a replacement for your income. When your income ceases or falls insufficient either due to death, illness, retirement or a major goal such as children's education or marriage, insurance fills in the gap. On your death, the money received from term insurance policies will provide a corpus with which the family can pay off debts, convert dreams to reality and still lead a comfortable life. You must have seen cases of non-working mothers or non-earning family members getting insured. It goes against the fundamental principle of insurance.

Therefore it's important that the breadwinner covers the risks to his life and income so that his family's quality of life is not compromised after he is gone.

Your life insurance needs

Calculating life insurance needs is not a simple exercise but you must evaluate your current and required cover and take corrective action. Remember that each of us has our own lifestyle, goals, aspirations, and dependents which may be completely different from the life situation of your friend or colleague. So what works for someone else may not work for you.

In a nutshell

It is very important that you are adequately covered as inadequate cover is equal to no cover at all.
Insurance planning is the first step towards Investment Planning. To advise an individual on his or her insurance needs, it is important to do proper analysis of the present and the future situations.
Insurance requirement must be reviewed every two years or when there is a change in the family scenario, for example: the addition of dependants.
The insurance requirement changes with every change in your life -- income, expenses, life style, members, liabilities and assets.

Terms & Conditions may change sometimes, Please check current updated Terms & Conditions. You may visit our office for updates.

Disclose

We are Registered with AMFI
Date of Initial Registration: 22-Nov-2003
AMFI Registration Number: 15805
Current Validity of ARN: 27-Sep-2025

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

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