As a social animal we face the following risks:

Risk of an early death (life insurance)

Risk of out-living ones income (pension plan)
Risk of illness and health problems to oneself & the

family (health insurance)

Risk of accident causing loss of life or impairment
(accident insurance)
Risk of loss and damage of property (property
insurance)
Risk from professional liability (liability insurance)

Risk / Loss Mitigation

takes care of mainly

Risk of Early Death

And the resultant financial
embarrassment faced by the
dependants.
Also, Risk to Health &
Risk from Accidents may cause
loss of income or earning ability
And, Risk of loss of property

Wealth creation
takes care of

Risk of Out-Living Ones

Income or living Longer
(Excessive Longivity)
resulting in financial
dependence on other people

for Risk / Loss Mitigation

for Wealth creation

LIFE INSURANCE

LIFE INSURANCE

TERM INSURANCE
WHOLE LIFE INSURANCE

ENDOWMENT ASSURANCE
UNIT LINKED INSURANCE PLAN
PENSION PLAN

GENERAL (NON-LIFE) INSURANCE

For Self & Family

HEALTH INSURANCE
ACCIDENT INSURANCE

For Property / Liability

HOME INSURANCE
MOTOR VEHICLE INSURANCE

LIABILITY INSURANCE
MISCELLANEOUS INSURANCE

Term Insurance :
Coverage for a specific period or term
Cash benefits to the beneficiary.
It gradually increases annual premium as
you get older.
It doesn't provide a cash value account
(Surrender Value) for some later point such
as retirement.
It doesn't provide you permanent life
insurance protection.

Whole Life Insurance :

Covers policyholder for the whole life.
Premium is same throughout the life of the
policy
Premium rates are higher than term
insurance
Accrues cash value(surrender) over time.
Cash value can be borrowed as loan
Dividends paid.

 Unit Linked Insurance Policy

Endowment Policy
Unit Linked Pension Plan
Insurance is an ideal investment choice for
many due to
Compulsory savings
Tax benefits
Added risk cover

Endowment Assurance :
Provides death cover to the insured during the
policy period; and survival benefits at the end of
the policy period
Premium rates are high
Options Available

Money Back Plan

Endowment Plan for marriage/education
Endowment Plan with/without profit
Endowment Plan with double/triple risk cover
Unit Linked Endowment Plan

Unit Linked Insurance Plan :

The savings (investment) component of the policy

premium is invested into the financial market
instruments to avail a greater rate of return than
from traditional insurance policies.
Return on investment linked to the financial market

Options Available
Investments can be made into equity (asset appreciation),

debt (regular income), or money market instruments, etc.

Pension Plan :

Provides for a lump sum amount and annuity

benefit payments at the stipulated retirement age.
An effective way of contributing to ones own
retirement benefits
Helps in achieving financial independence for
ones Golden Years
An built-in life insurance cover, as an option
Unit liked pension plans also available

Special insurance Plans :

Children Policies: To provide for expenses

(lumpsum/recurring) related to education , etc. of
children or for the benefit of disabled children, in
the event of death of the parent.
Joint Life Policies: Provides risk cover on either
or survivor basis. During policy period, on death of
one life, sum assured paid to the second life, and
subsequent premiums waived, but the risk cover
on second life continues.