Protection first, savings after
Pure term insurance buys the largest sum assured for the smallest premium and is the appropriate answer when the objective is protection of dependants and repayment of liabilities.
Endowment, money-back and unit-linked products combine insurance with savings. They differ sharply in cost, lock-in, surrender value and the way benefits are paid, and are suited to different objectives.
Every benefit illustration is prepared as per IRDAI norms and shows assumed rates. Actual bonuses or fund performance are not guaranteed except to the extent stated in the policy document.
The paperwork side of it
- Term cover sizing against income and liabilities
- Endowment, money-back and child benefit product options
- Annuity options for post-retirement income
- Riders — accidental, critical illness, waiver of premium
- Nomination, assignment and maturity claim support
Life Insurance Corporation of India · ICICI Prudential Life
Before you sign anything
A common starting point is outstanding loans plus a multiple of annual income, adjusted for existing assets and the number of dependants. The correct figure is specific to your household.
Term policies lapse and cover ceases. Savings-linked policies may acquire a paid-up or surrender value after a minimum period as stated in the policy document.
Yes. Non-disclosure or misstatement in the proposal form is the most common reason for a claim being contested. Always disclose fully and accurately.
Insurance is the subject matter of solicitation. Abhilasha Wealth is an associate / point-of-sale entity of IRDAI-registered insurance companies. Acceptance of a proposal, the premium charged and the settlement of a claim are decided solely by the insurer as per the policy terms and conditions.
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Have a question about Life Insurance?
Call us during working hours or send a WhatsApp message. We will walk you through the documents, the costs and the process before anything is signed.