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Life Insurance

Home Service Life Insurance

Benefits of Life Insurance:

Financial Security: Ensures that the policyholder’s family or dependents are financially secure in the event of their death.

Debt Repayment: Helps pay off outstanding loans, such as mortgages or education loans, which might otherwise burden the family.

Estate Planning: Can be part of an estate planning strategy to pass on wealth to heirs or fund charitable causes.

Savings and Investment: Some life insurance policies accumulate cash value, which can be used as a savings or investment tool over time.

Rishta capital

We are proud to have an official tie-up with Axis Max Life Insurance, offering investment-linked insurance products. This partnership enables us to provide comprehensive solutions that combine financial protection with wealth creation, ensuring security and growth for you and your family. Life insurance refers to the legally binding contract between a policyholder and an insurance company that provides financial protection to his/her family. The insurer promises to offer the insurance benefit in exchange for regular premiums paid by the life insured. The ‘financial protection’ under life insurance is provided in the form of life cover, also known as sum assured. It is a pre-agreed amount that is payable in case of an untoward incident with the life insured.

Key Features of Life Insurance:

  • Premiums: The amount the policyholder pays to the insurer to keep the policy active.
  • Death Benefit: The amount of money paid to the beneficiaries upon the policyholder's death.
  • Policyholder: The person who purchases the insurance and whose life is covered.
  • Beneficiary: The person(s) or entity (such as a trust or charity) designated to receive the death benefit.
  • Term or Permanent Coverage: Life insurance can be either term life (coverage for a specific period) or permanent life (coverage for the entire life of the insured).
  • Whole Life Insurance: Offers lifelong coverage with the added benefit of a cash value component that grows over time.
  • Endowment Policies: Provide a lump sum payment either upon death or after a certain period, making them both a life cover and a savings plan. Life insurance is essential for protecting your loved ones financially in case of unexpected death, helping to replace lost income, pay off debts, and cover funeral expenses.