Life Insurance
For Every Dream, There’s Protection.
What is Life Insurance?
Life Insurance is a financial protection tool that provides a payout (sum assured) to your family or beneficiaries in case of your unfortunate demise. It ensures that your loved ones remain financially secure even when you are not around. Life insurance can also help you build long-term savings, wealth creation, and tax benefits depending on the policy type.
Why is Life Insurance Important?
Ensures your dependents can maintain their lifestyle, pay bills, and meet future needs.
Pays off outstanding loans (home loan, personal loan, etc.) so your family is not burdened.
Helps compensate for the income lost due to the policyholder’s death.
Certain plans offer savings, guaranteed returns, and market-linked growth.
Premiums qualify for deductions under Section 80C, while the death benefit is generally tax-exempt under Section 10 (10D) .
Types of Life Insurance Policies
Term Life Insurance
Pure protection plan offering high coverage at low premiums.
Benefits: Maximum financial protection
Coverage: Lump-sum payout on death
Best For: Primary earners, individuals with dependents
Whole Life Insurance
Provides coverage for the entire lifetime (usually up to age 99 or 100).
Benefits: Lifetime protection, wealth transfer
Best For: Legacy planning
Endowment Plans
Combines insurance and savings. Pays a lump sum at maturity or death.
Benefits: Guaranteed maturity amount
Best For: Long-term disciplined saving
Money-Back Plans
Provides periodic payouts during the policy term + maturity benefits + death cover.
Benefits: Regular cash flow
Best For: Individuals needing periodic liquidity
ULIPs (Unit Linked Insurance Plans)
Market-linked plans combining insurance with investment.
Benefits: Higher return potential, flexibility
Best For: Long-term investors, goal planning
Child Insurance Plans
Designed to secure a child’s education and financial future.
Benefits: Guaranteed future funds, waiver of premium if parent passes away
Best For: Parents planning for education/marriage
Retirement / Pension Plans
Provide regular income after retirement.
Benefits: Lifetime annuity or pension
Best For: Individuals planning for retirement income
Key Benefits of Life Insurance
Peace of Mind
Knowing your family is financially protected brings emotional comfort.
Guaranteed Payouts
Depending on the plan, benefits are fixed, assured, or market-linked.
Flexible Options
Choose premium payment modes (Monthly, Quarterly, Yearly) and policy term.
Riders (Add-Ons)
Enhance coverage with:
Critical illness rider
Accidental death benefit
Disability benefit
Waiver of premium
Hospital care benefit
Goal-Based Financial Planning
Supports goals like children’s education, wealth building, or retirement.
How Life Insurance Works
Choose a policy based on your needs.
Pay premiums (monthly/quarterly/yearly).
The insurer provides life cover during the policy term.
If the policyholder passes away, nominee receives payout.
For savings/ULIP/endowment plans, a maturity benefit is paid if the insured survives the term.
How Much Life Insurance Do You Need?
A simple rule:
Life cover = 10–15 times your annual income
Consider:
Family expenses
Loans & liabilities
Children’s education
Future financial goals
Who Should Buy Life Insurance?
Working professionals with dependents
Parents with young children
Business owners
Individuals with loans
Anyone wishing to build long-term guaranteed savings
People planning for retirement or legacy transfer
Life Insurance is not just a policy—it's a promise of financial security for your loved ones. Whether your goal is protection, savings, investment, or retirement planning, there is a suitable life insurance plan for every need. Starting early ensures lower premiums and greater long-term benefits.
Investment Solution
Mutual Funds & SIP
A Mutual Fund is an investment vehicle that pools money from multiple investors and invests it in a diversified portfolio of assets such as equities
Fixed Deposit & Corporate FD’s
Fixed Deposits (FDs) have long been a preferred choice for conservative investors seeking assured returns and capital protection. Offered by banks and NBFCs, FDs allow you to deposit
Bonds / NCD
Bonds are fixed-income instruments issued by governments or companies to raise capital, paying periodic interest and returning principal at maturity.
Government Bonds & Debt Instruments
In today’s unpredictable market landscape, many investors look for avenues that offer stability, regular income, and capital preservation.
Insurance
Life Insurance
Life insurance is a financial protection plan that ensures your loved ones remain financially secure in case of your untimely demise.
Health Insurance
Health insurance provides financial protection against medical expenses due to illnesses, accidents, and hospitalization. Even if you are healthy today, medical emergencies can arise at any time.
General Insurance
General Insurance provides financial protection against non-life risks such as accidents, health emergencies, property damage, theft, or liability.
Loans
Loans Against Security
A Loan Against Security is a credit facility where you pledge your financial investments—such as mutual funds, shares, bonds, insurance policies, or fixed deposits
Loans Against Mutual Funds
At Wealthmart Global, our Loans Against Securities (LAS) solution empowers you to access funds without having to liquidate your long-term investments.