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Claim-settlement ratios compared

The cover your family collects when you cannot provide

Term, endowment, ULIP, pension and child plans explained without the jargon — including which ones are protection, which are investment, and why mixing the two usually costs you.

  • Term Insurance
  • Endowment / Savings
  • ULIP
  • Pension / Annuity
  • Child Plan

Get life quotes

Free, and you are not committed to anything.

Indicative only. Final premium is set by the insurer after underwriting.

The basics

What is life insurance?

Life insurance pays an agreed sum to your nominee if you die during the policy term. Some plans also build a savings or investment component and pay out on maturity if you survive.

The two functions — protecting your family's income and growing your money — are usually cheaper and clearer when kept separate. A pure term plan buys the most cover per rupee; investments belong where they are transparently priced.

Why through us

What we do that a price-comparison box does not

Anyone can list premiums. The work is in the terms underneath them — and in who picks up the phone when you claim.

01

Cover sized to your obligations

We work from your income, loans and dependants' years to independence — not from a round number that sounds reassuring.

02

Claim-settlement history compared

Settlement ratio, average settlement time and complaint volume, side by side. The cheapest premium is worth nothing if the claim is a fight.

03

Honest about ULIPs

We show the charge structure and lock-in in plain numbers so you can see what a bundled product costs against term plus a separate investment.

04

Nomination done properly

Most delayed death claims trace back to paperwork, not bad faith. We make sure nomination and disclosure are watertight at issue.

Types of cover

What each policy type actually pays for

Including — and this is the part usually left off the brochure — what it does not.

Term Insurance

Pure protection. Large cover for a small premium, with no maturity payout if you survive the term.

Best for: Anyone with dependants or debt. The default starting point.

Covered

  • High sum assured at the lowest cost per rupee of cover
  • Level premium for the full policy term
  • Optional riders for critical illness and accidental death
  • Payout as lump sum, monthly income, or a combination

Not covered

  • No maturity benefit if you outlive the term
  • Suicide within the first policy year, per standard clause
  • Claims where material facts were not disclosed at proposal

Endowment / Savings

Combines modest life cover with a guaranteed savings element paid on maturity.

Best for: Very conservative savers who want a disciplined, guaranteed outcome.

Covered

  • Death benefit during the term
  • Guaranteed maturity benefit if you survive
  • Possible bonuses on participating plans

Not covered

  • Meaningfully high cover — the sum assured is small for the premium
  • Liquidity: surrendering early usually returns less than you paid

ULIP

Life cover bundled with market-linked investment across chosen funds.

Best for: Investors who specifically want insurance and investment in one wrapper and will hold past the lock-in.

Covered

  • Life cover plus fund value
  • Choice of equity, debt and balanced funds with free switching
  • Tax treatment as applicable to the plan

Not covered

  • Guaranteed returns — fund value carries market risk
  • Full liquidity during the mandatory lock-in period
  • Low costs: mortality, allocation, admin and fund charges all apply

Pension / Annuity

Builds a corpus during your working years, then converts it into a regular income for life.

Best for: Retirement income that cannot be outlived.

Covered

  • Accumulation phase followed by a guaranteed income phase
  • Immediate or deferred annuity options
  • Joint-life variants that continue paying a spouse

Not covered

  • Flexibility — annuity rates are locked once you buy
  • Inflation protection, unless you buy an escalating annuity

Child Plan

Targets a future education or marriage cost, with a waiver so the plan continues if the parent dies.

Best for: Parents wanting a goal to survive their own absence.

Covered

  • Payout aligned to education milestones
  • Premium waiver benefit on the parent's death
  • Guaranteed or market-linked variants

Not covered

  • Cost efficiency versus term plan plus a separate investment
  • Access to funds before the chosen milestone
Add-ons

Riders worth paying for — and the ones that are not

Every add-on raises your premium. We will tell you which ones earn their cost against your specific situation.

Critical illness rider

Lump sum on diagnosis of a listed serious condition, while the base cover stays intact.

Accidental death benefit

Additional sum assured if death results from an accident.

Waiver of premium

Future premiums are waived if you become disabled or critically ill; the policy stays in force.

Income benefit

Pays the claim as a monthly income instead of a lump sum, which many families manage better.

Increasing cover

Sum assured steps up each year to keep pace with income and inflation.

Terminal illness benefit

Advances part of the sum assured on diagnosis of a terminal condition.

Claims

How a claim actually runs

Written out plainly, because the moment you need this is the worst possible moment to be reading a policy document for the first time.

Raise a claim
01

Nominee intimates the insurer

The claim starts with a written intimation giving the policy number, date and cause. Your family can call your advisor first — we handle the rest.

02

Submit the claim file

Death certificate, policy document, nominee ID and bank details, plus medical or police records depending on the cause.

03

Insurer assessment

Straightforward claims on long-held policies settle quickly. Early claims are investigated more closely, which is exactly why disclosure at proposal matters.

04

Settlement to the nominee

Paid as a lump sum or as the income stream chosen at issue, directly into the nominee's account.

Questions

Life Insurance — your questions answered

The questions we get asked most, answered without the sales gloss.

Still not sure?

Ask an advisor directly. No obligation, and we will tell you if you do not need the product.

Talk to an advisor

Start from what your family would need to replace: your income for the years your dependants remain dependent, plus every outstanding loan, plus specific future costs like education, minus existing assets and cover. A common shorthand is ten to fifteen times annual income, but that is a sanity check, not a calculation.

Get life insurance that holds up

Tell us what you are protecting. We will show you what your current cover actually does — and what it does not — before you spend anything.

Get life quotes+91 73572 80459

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