Life Insurance – Protect What Matters Most
✅ What is Life Insurance?
Life insurance is a financial safety net that protects your loved ones when you’re no longer around. In exchange for regular premium payments, the insurer provides a lump sum (known as a death benefit) to your nominee in case of your untimely demise. It ensures your family’s financial security, helping them cover debts, daily expenses, or future goals like education or marriage.
✅ Types of Life Insurance
At Vishista Associates, we offer a range of life insurance plans tailored to your needs:
Term Life Insurance
Pure protection plan offering high coverage at low premiums. No maturity benefit.
Whole Life Insurance
Coverage that lasts your entire life, with a guaranteed death benefit and savings component.
Endowment Plans
Combines life cover with savings. You get a lump sum if you survive the policy term.
Money-Back Policy
Offers periodic payouts during the policy term, along with a death benefit.
Unit Linked Insurance Plans (ULIPs)
Combines insurance with investment. Returns depend on market performance.
Child Plans
Secure your child’s future even in your absence — ideal for education or marriage goals.
✅ Who Should Buy a Life Insurance Policy?
- ✔️ Young Professionals – Lock in lower premiums and secure future family planning.
- ✔️ Parents – Ensure your children are financially secure, no matter what.
- ✔️ Salaried Individuals – Get tax benefits under Section 80C while protecting dependents.
- ✔️ Business Owners – Safeguard your legacy and provide continuity for your family.
- ✔️ Home Loan Borrowers – Cover your outstanding liabilities in case of unexpected events.
👉 In short, anyone with financial dependents should consider life insurance.
✅ Frequently Asked Questions (FAQs)
The earlier, the better! Premiums are lower when you’re young and healthy.
Yes, premiums paid are eligible for tax deduction under Section 80C of the Income Tax Act.
Absolutely. You can hold multiple policies based on your income and needs.
Your policy may lapse, and the benefits could be forfeited. Some policies offer a grace period or paid-up option.
Yes, most Indian insurers allow NRIs to purchase life insurance with necessary documentation.