How will insurance help?
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Insurance takes care of the unexpected
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Family is protected from the loss of earnings in case of a crisis/calamity. Insurance takes the financial burden off.
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The best way to save regularly- at the best rates.
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Tax free payout on maturity acts as a ‘nest-egg’ for retirement.
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Loans possible on certain life insurance policies.
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Tax saving benefits under section 88 of I.T. Act.
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After only a single premium, you are covered for the full benefit.
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As a “locked-in savings”, Life Insurance gives you the highest returns.
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Life Insurance policy can act as collateral when taking a loan.
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For only a small sum each year, the Insurance company takes the risk.
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What kinds of risks are covered under general insurance?
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| Fire | Buildings, machinery,furniture,fittings, stocks, etc. Loss of net profit also covered. |
| Marine | Large cargo/passenger vessels. Cargo handling also covered. |
| Burglary | Stocks,cash,jewellery. |
| Fidelity | Breach of trust by employees. |
| Personal Accident | Accident to human lives. |
| Medical | Medical expenses incurred during illness/hospitalization. |
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General insurance ~ additional products
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Shopkeeper Insurance
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Flood Insurance
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Travel Insurance
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Baggage Insurance
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Engineering Insurance
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Household Goods Insurance
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Earthquake Insurance
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Insurance for rural markets
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Crop Insurance
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Cattle Insurance
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Pump Insurance
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Lift Irrigation Insurance
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Horticulture/Plantation Insurance
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Life insurance covers
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| Family |  | Financial protection on death of an earning member. |
| Children | | Savings for education/marriage/start-in life. |
| Old Age | | Retirement income. |
| Special Needs | | Medical treatment/Loss of income due to disability(accidents/illness). |
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Life insurance
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| Life Policy | | Has two components |
| | 1. Risk Cover- Benefit payable in the event of death |
| | 2. Savings- Benefit payable on maturity |
| Term policy | | Only risk cover for a specific period. |
| Endowment policy | | Survival benefit( for a specified period) |
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Insurance- a asset everyone should have
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Our life is uncertain
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The only certainty is death- everyone dies
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The question is when?
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| Our assets are open to risks of all types |
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| So, insurance is needed to think ahead & be prepared financially |
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For old age.
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For sudden death.
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For assets & business.
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