Your Complete Guide to Life Insurance
Invest Global is committed to helping you secure your family's future with the right life insurance solutions. Life is unpredictable, but with the right planning, you can make sure your loved ones stay financially protected even if you're not around. That's where a good life insurance policy comes in.
What is Life Insurance?
Life insurance is a financial safety net. It provides money to your family (known as the "sum assured") in case of your untimely death. If you have people who depend on your income-like children, a spouse, or elderly parents-you need life insurance to help protect their future.
It becomes even more important if you have loans like a home loan or car loan. Without a policy, your family might struggle to pay off those debts.
How Does a Life Insurance Policy Work?
When you buy a life insurance policy, you choose:
- A policy term (the number of years it will protect you)
- A sum assured (the amount your family gets if something happens to you)
If you pass away during the policy term, your nominee (family member) will get the sum assured. If you survive the term, some plans may give back money, depending on the type of policy you choose.
How Much Life Insurance Do You Need?
A common rule is that your life insurance cover should be 10 to 12 times your annual income.
You should also consider:
- Living expenses for your family
- School or college fees for your children
- Any loans you need to repay
- Long-term financial goals
Choosing the best life insurance means thinking about what your family will need if you're not there to support them.
What Is the Cost of a Life Insurance Policy?
The cost is called the premium . You can pay premium.
- Yearly
- Monthly
- Quarterly
- As a single lumpsum
Premiums depend on:
- Your age
- Health conditions (like diabetes or hypertension)
- Lifestyle (e.g., if you smoke)
- Policy type
- Sum assured
- Additional benefits (called "riders" like critical illness cover)
Invest Global can help you choose affordable options with the best life insurance coverage.
Types of Life Insurance Plans
1. Term Life Insurance
This is the simplest and most affordable life insurance plan . It gives your family full protection during the policy term.
- Pure protection (no money if you survive the term)
- Very low premium
- High coverage
For example: If you buy a ₹1 crore term plan for 20 years, your family will get ₹1 crore if you pass away during that time.
2. Traditional Life Insurance Plans
These plans give both protection and savings. If you survive the term, you get back your sum assured, along with:
- Guaranteed yearly additions
- Reversionary bonuses
- Maturity benefit
These are good if you're looking for a safe investment with life cover. These life insurance plans are slightly more expensive than term plans.
3. ULIPs (Unit Linked Insurance Plans)
ULIPs are a mix of life insurance policy and investment.
- Some of your premium goes into a life cover
- The rest is invested in the market (stocks, bonds, etc.)
- Returns are not fixed-they depend on market performance
- Higher return potential, but also some risk
ULIPs are ideal for those who want both protection and growth. With help from Invest Global , you can find the plan that matches your risk level.
Why Choose Invest Global for Your Life Insurance Needs?
- We help you find the best life insurance at the best price
- Get custom quotes based on your budget and needs
- Support for buying, renewing, and managing your life insurance policy
- Help with claim settlement and paperwork
- Expert advice on combining life insurance plans with investment and tax planning
Conclusion - Protect Your Future with the Right Life Insurance
Life is full of surprises, but your family shouldn't suffer financially because of it. That's why the right life insurance matters.
Whether you need pure protection, a savings plan, or a market-linked investment, Invest Global will guide you to the best life insurance option for your unique situation.
Start planning today-because your peace of mind is priceless, and your family deserves it.
