INSURANCE
1. Life Insurance
Life insurance provides financial security to your family in case of your untimely demise.
🔹 Term Insurance – Pure life cover, high sum assured at a low premium. No maturity benefit.
🔹 Endowment Plan – Life cover + savings. Maturity benefits if the policyholder survives.
🔹 ULIP (Unit Linked Insurance Plan) – Investment + life cover. Market-linked returns.
🔹 Money-Back Policy – Periodic payouts + life cover.
🔹 Whole Life Insurance – Lifetime coverage (up to 99/100 years).
🔹 Child Plan – Secures a child’s education and future.
🔹 Pension/Retirement Plan – Provides regular income after retirement.
👉 Best for: Family security, wealth creation, retirement planning.
2. Health Insurance
Covers medical expenses, hospitalization, and critical illnesses.
🔹 Individual Health Insurance – Covers only one person.
🔹 Family Floater Plan – Covers the entire family under one plan.
🔹 Senior Citizen Health Plan – Designed for people above 60 years.
🔹 Critical Illness Insurance – Covers life-threatening diseases like cancer, heart disease, etc.
🔹 Top-up & Super Top-up Plans – Extra coverage beyond your base health policy.
🔹 Group Health Insurance – Provided by employers for employees.
👉 Best for: Covering hospitalization costs, medical emergencies.
3. Vehicle Insurance
Mandatory for vehicles in India; protects against damages and third-party liabilities.
🔹 Third-Party Insurance – Covers damages to others (mandatory by law).
🔹 Comprehensive Insurance – Covers own damage + third-party liabilities.
🔹 Standalone Own-Damage Cover – Covers only your vehicle’s damages.
🔹 Commercial Vehicle Insurance – Covers taxis, trucks, buses, etc.
👉 Best for: Protecting vehicles against accidents, theft, and damages.
4. General Insurance
Covers risks apart from life and health.
🔹 Home Insurance – Covers damages due to fire, flood, earthquake, burglary.
🔹 Travel Insurance – Covers trip cancellations, medical emergencies, lost baggage.
🔹 Business Insurance – Covers business assets, employees, and liabilities.
🔹 Fire Insurance – Protects businesses and homes from fire-related damages.
👉 Best for: Protecting assets, businesses, and travel security.
Which Insurance is Right for You?
✔ If you want financial security for your family, choose Life Insurance.
✔ If you need medical expense coverage, opt for Health Insurance.
✔ If you own a car or bike, you must have Vehicle Insurance.
✔ If you have a home or business, get General Insurance.