Life Insurance

Life insurance provides a financial safety net to your loved ones in case of your untimely demise. It ensures that your family’s financial needs—such as household expenses, debts, and future goals—are met, even after you’re gone. Life insurance can also offer savings and investment benefits in some cases.

• Key Benefits: Provides a lump sum payout to beneficiaries, and some policies offer savings or investment components.

• Best for: Families who want to secure their financial future in the event of an unexpected loss.

Life insurance is a powerful tool for securing your family’s financial future in case of your untimely demise. It offers peace of mind knowing that your loved ones will be taken care of financially when you're no longer around. At Krama Consulting, we offer a range of life insurance products designed to meet diverse needs, whether you're looking for pure protection, savings, or a combination of both.

Term Insurance

Term insurance is a simple, affordable way to provide life coverage for a specified term, such as 10, 20, or 30 years. It offers a high sum assured at low premiums, making it an ideal option for those looking for financial protection without any savings component.

• Key Benefits: High coverage at an affordable cost, financial security for your family.

• Best For: Individuals seeking a pure protection plan with no investment component.

Endowment Plans

Endowment plans combine life insurance with savings. In case of your unfortunate demise during the policy term, your family will receive a death benefit. If you survive the policy term, you’ll receive a lump sum amount as maturity benefit, often with bonuses.

• Key Benefits: Provides a dual benefit of insurance and savings, tax benefits.

• Best For: Those who want to save for a specific goal like children’s education or retirement, while having life coverage.

Whole Life Insurance

Whole life insurance offers coverage for your entire lifetime, ensuring that your family is financially protected no matter when you pass away. It also provides an opportunity to build cash value over time, which can be borrowed against or withdrawn.

• Key Benefits: Lifetime coverage, cash value accumulation, financial security for your loved ones.

• Best For: Those seeking long-term coverage and an investment component.

Money-Back Plans

Money-back policies provide periodic payouts (e.g., every 5 years) during the policy term, along with the life insurance cover. If the policyholder passes away during the term, the nominee receives the death benefit along with any unpaid periodic payouts.

• Key Benefits: Regular payouts during the policy term, life cover, and financial security for your family.

• Best For: Individuals who want regular income while also securing their family’s future.

Unit-Linked Insurance Plans (ULIPs)

ULIPs combine investment and insurance. You can invest in equity, debt, or hybrid funds, while enjoying life insurance coverage. The value of your policy is linked to the performance of the chosen funds, offering the potential for market-linked returns.

• Key Benefits: Investment opportunities in various funds, market-linked returns, life coverage.

• Best For: Investors looking to build wealth along with life protection.

Child Plans

Child plans are designed to secure your child's future education and financial needs, even in your absence. These plans provide life coverage for you, while ensuring that the child gets a lump sum amount or periodic payouts for their education.

• Key Benefits: Financial security for your child's future, flexible payout options.

• Best For: Parents looking to ensure their child’s education or other financial needs are met.

Retirement Plans

Retirement or pension plans provide regular income after retirement. These plans help build a corpus during your working years, which can be used to provide a steady income after you retire, ensuring financial independence in your later years.

• Key Benefits: Regular post-retirement income, financial security in retirement.

• Best For: Individuals planning for a secure and comfortable retirement.

Protect What Matters Most

Ready to secure your future with the right insurance? Contact Insurance Advisory today and let us guide you to comprehensive coverage that provides peace of mind.