Endowment plan is a life insurance policy which provides you with a combination of both i.e.: an insurance cover, as well as a savings plan. It helps you in saving regularly over a specific period of time, so that you are able to get a lump sum amount on policy maturity, if the policyholder survives the policyterm.The returns may be lower, but they are mostly risk free in case of guaranteed sum assured. Tax benefits, subject to certain conditions, are also available on these returns.
Growth planning is a strategic business activity that enables business owners to plan and track organic growth in their revenue. It allows businesses to allocate their limited resources toward a centered effort to adapt to changes in the industry driven by digital disruption and differentiate from competitors.
Market Linked Plan
Unit linked plans give you an opportunity to earn market-linked returns as part of the premiums are invested in market linked funds which invest in different market instruments including debt instruments and equity in varying proportions.
Pension plans also known as retirement plans are investment plans that lets you allocate a part of your savings to accumulate over a period of time and provide you with steady income after retirement. Even if a person has a good amount of savings, a pension plan is nevertheless crucial.
It is a type of group insurance plan which aims to provide a life cover to all borrowers which in turn secures the credit/loan.With this group insurance plan, you can provide coverage to your member’s for a wide range of loans – Housing Loans, Vehicle Loans, Personal Loans, Education Loans, Business Loans, Loan against Property, Merchandise Loan, Consumer Durable Loans, Credit Card Groups, Asset Backed Loans and Gold Loans.
Vehicle insurance refers to the type of insurance policy that provides coverage against any damage that may occur to a 2-wheeler, 4 Wheeler, Commercial vehicle (Bus, Trucks, Tippers, other vehicles) etc and/or its riders arising due to some unforeseen event such as road accidents, theft or natural disaster.
There is no such place like home in the entire Universe. After all, it is a place where you and your loved ones can rejoice, weave thousands of memories that last for a lifetime. While we put our life’s savings into buying or constructing a home but we rarely realize that our home needs a protection in the form of insurance too. By investing in a good home insurance policy, also referred as home owners insurance, you can protect your home from threats.
A Mediclaim policy provides coverage against medical expenses that one might incur. Individuals who have a Mediclaim policy can either raise a cashless or reimbursement claim. These policies also provide tax benefits to policyholders.
A Mediclaim policy provides the policyholder with financial assistance through cashless facilities or reimbursement during medical treatments and hospitalisation. It covers the insured against any medical expense that might occur during the policy period and also offers tax benefits under section 80D of the Income Tax Act of India, 1961.
Group insurance is an insurance that covers a group of people, for example the members of a society or professional association, or the employees of a particular organisation for the purpose of taking insurance. Grouping individuals together allows insurance companies to give lower rates to companies, providing large volume of business to insurance companies gives us greater bargaining power for clients, resulting in cheaper group rates.
Workers’ compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue their employer for the tort of negligence.
Travel insurance is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or domestically. Some travel policies will also provide cover for additional costs, although these vary widely between providers.
Stock insurance is an important addition to your insurance package. If you’re a business owner, you’ll rely on stock to keep your business running. So, you’ll need an insurance policy in place to ensure your stock is protected in the unforeseen event of fire, flood, lost, burglary or damaged.
Transit insurance policy is a simple and convenient mode of covering the risk of business goods or personal belongings of the insured’swhile in transit in case of inland or foreign trade. Its premium is based on the value of goods in transit; and the amount of risk the insured is bearing during that period.