Life Insurance
What is Life Insurance?
Life insurance is a financial product designed to provide financial protection to your loved ones in case of your untimely demise. It ensures that your family continues to meet essential expenses like daily living costs, loan repayments, and long-term goals such as children’s education or marriage—even in your absence.
Life insurance policies can be term plans, endowment plans, ULIPs, or whole life policies, offering coverage, savings, or investment benefits. They offer flexible premiums, customizable tenure, and guaranteed sum assured or maturity benefits, depending on the policy type.
Insurance providers offer hassle-free onboarding, quick issuance, and long-term peace of mind—making life insurance an essential part of every financial plan.
Key Features :
- Policy Types: Term insurance, savings plans, ULIPs, endowment, and whole life plans based on needs.
- Coverage Amount: Ranges from ₹5 lakhs to ₹10 crores or more based on your age, income, and policy type.
- Flexible Tenure: Coverage available for 5 to 40 years or even lifetime (whole life plans).
- Affordable Premiums: Term plans start at low monthly premiums with high coverage benefits.
Why Choose Life Insurance ?
- Protect Loved Ones financially even in your absence by ensuring a stable future for dependents.
- Affordable Security with high coverage for low premiums in term insurance plans.
- Long-Term Planning support for retirement, child education, or asset creation with savings-linked plans.
- Tax Benefits under Sections 80C (premiums paid) and 10(10D) (payouts) of the Income Tax Act.
Eligibility Criteria (General) :
- Applicant: Indian citizen, usually between 18 and 65 years of age.
- Medical Requirements: Varies by policy; some may require health checkups based on age and sum assured.
- Income Criteria: For high cover plans, income proof may be required to determine eligibility.
- Premium Affordability: Based on age, health, lifestyle, and policy tenure.
Why Take People
Insurance from Wealth Finversity
Instant Policy Issuance
Get quick approval and instant policy issuance with minimal
documentation and hassle-free processing. Choose and buy
life insurance online or through a nearby physical branch.
Coverage begins immediately after verification and payment
confirmation.
Flexible Premium Payment Options
Pay premiums monthly, quarterly, annually, or as a one-time
lump sum payment. Choose a suitable plan that aligns with
your income cycle and financial goals, ensuring long-term
affordability and convenience.
High Coverage Amount
Choose life cover ranging from ₹5 lakhs to multiple crores
based on your income, lifestyle, future goals, and
protection needs. Ensure your family’s long-term financial
future, debt repayment, education expenses, and everyday
living costs, even in your absence.
Customizable Policy Term
Select policy durations from 5 to 40 years or opt for whole
life plans. You have complete flexibility to match policy
terms with key life milestones like children’s education,
home loan repayment, medical emergencies, marriage planning,
or a secure retirement plan.
Minimal & Hassle-Free Documentation
Only basic KYC documents like ID proof, address proof, and
income details are needed. Most term plans require no
medical tests for younger, healthy applicants—making the
process smooth and fast.
Transparent & Trusted Protection
Enjoy clearly defined benefits, no hidden terms, and full
policy disclosure. Claim settlement processes are quick,
transparent, and reliable, ensuring your loved ones receive
the benefits without delays, confusion, or legal
complications.
