One can never be sure what life has in store for them. It is therefore important that you do not leave anything to chance, especially the health and well-being of your loved ones. As death is the only certain thing in life, apart from taxes, it‘s smart to insure ourselves and our family well in advance. To ensure the financial well-being of your family, investing in a life insurance policy is a wise decision. Whether it is a term life insurance or an endowment plan, life insurance benefits your family by offering financial security and peace of mind.
Life insurance products can provide you and your loved ones with financial security.
Savings Plans (a type of life insurance) are long term in nature & help you achieve long-term financial goals like buying a home or planning retirement.
Thanks to regular premium payments, life insurance plans inculcate financial discipline.
Unit-Linked Insurance Plans (ULIPs | Launching Soon) are a type of life insurance that allow wealth creation while providing life cover.
Life insurance plans offer many tax benefits to facilitate better savings.
At Mirae Asset Sharekhan, we prioritize your financial security and well-being. To cater to your diverse needs, we have partnered with ICICI Prudential Life Insurance and HDFC Life to offer a complete suite of life insurance products that will cover all your insurance needs and preserve your dreams and your future.
For any queries regrading life insurance policies bought through Mirae Asset Sharekhan, contact us at 022-6992 0660 or write to us at insurance@sharekhan.com
HDFC Life Click 2 Protect Elite insurance plan provides financial protection to your family wherein you pay for a limited duration and get covered for the whole policy term.
ICICI Pru iProtect Smart gives you the flexibility to design your safety net so that you can protect your family’s future to ensure that they lead their lives comfortably without any financial worries, even in your absence. This plan offers you the option to enhance your coverage against Accidental Death and Accelerated Critical Illnesses, hence ensuring a 360-degree cover on your life.
It is a non-participating, non-linked, savings insurance plan that helps you to achieve your goals while also safeguarding your family’s future against unforeseen events. HDFC Life Click 2 Achieve is meticulously designed to offer versatility, presenting you with a spectrum of options to safeguard your loved ones' futures and attain your financial objectives.
HDFC Life Sanchay Par Advantage is an individual, non-linked, participating savings life insurance plan that provides an option to choose life cover for a fixed policy term of 20 to 40 years or for whole of life (till the age 100 years). The plan provides a holistic solution for you to generate a regular income and to build a corpus to achieve the planned goals and secure your loved one’s future, without any compromises.
ICICI Pru Gold is a protection and savings oriented participating life insurance plan that provides the protection of life cover along with a regular income for your chosen policy term or whole of life that can be used to meet your long-term recurring financial needs through participation in bonus.
ICICI Pru GIFT Pro, is a protection and savings-oriented life insurance plan which helps you build a safety net to provide financial protection to your family along with Guaranteed Income and Guaranteed Money Back Benefit.
Life insurance is designed to minimize the impact of the financial loss your family may incur upon your demise.
Understanding the different types of life insurance can help you select a policy best suited to your financial goals.
Term insurance provides financial protection for a fixed period, ensuring a lump sum payment to your nominee in case of an unfortunate event during the policy term.
An endowment plan allows you to build risk-free savings and protect the financial interests of your family in your absence.
A ULIP combines investment and insurance. A portion of your premium is invested in funds like equity or debt, while the rest secures your family’s future.
Designed for retirement, an annuity plan offers regular payouts against a lump sum premium. The insurance company invests your money, generating returns that are paid back to you periodically.
A contract formed between an insurance policyholder and an insurance company is known as a life insurance policy. As per the terms of the policy, the insurer will pay a certain sum of money to the insured at the end of a set period or in the event of the death of the insured person as long as they receive a premium regularly for the set period from the insured person.
The main purpose of insurance is to provide security to you and your loved ones. However, other benefits are offered by some firms as well. Critical illness benefits, accidental death benefits and such other benefits are offered by some firms.
Your Mirae Asset Sharekhan relationship manager will provide assistance in processing of claims to get prompt claim settlement from Insurance companies. Alternatively, you can intimate/register a claim directly with the insurance company.
In case of policy servicing request, you can:
Mirae Asset Sharekhan is a corporate agent licensed by Insurance Regulatory & Development Authority of India (IRDAI). We would recommend the suitable product and cover basis your requirements. If you are interested in buying life insurance, all you need to do is click the REQUEST A CALL BACK button, which is present on the Life Insurance webpage as well as individual insurance product webpages. Once you do that, our representative will call you. We are merely distributors of these products/services and only act in the representative capacity for the insurance providers. Any claims /queries/issues regarding the insurance products may be directed to the Insurance Providers. Alternatively, you can visit your nearest Mirae Asset Sharekhan branch. If you have any queries, you can call us on 022-6992 0660 or write to us at insurance@sharekhan.com.
Yes, life insurance provides many benefits. Life Insurance gives you peace and confidence as it protects your family when you are not there. But this is not the only benefit of buying life insurance. There are several other benefits.
Though there are many kinds of life insurance policies, 4 main types of policies are sold:
Out of all the people in the market, the following categories of people need life insurance the most
Many factors determine the kind of life insurance you need. Your income, expenditure (revenue and capital), lifestyle, spending habits and debt repayments all determine the kind of policy you should take. Whatever be your standard of living, the best practice is to purchase a policy that is 8-10 times of your annual income.
Factors like age, gender, present health, medical history, lifestyle, etc. play a key role in determining the premium amount for your life insurance plan.
Various factors play a role in determining how much your policy costs. The factors include the sum assured, age, health condition, and the benefits you want to receive when the policy matures.
In case you fail to pay the premium on time, the policy will become defunct and all benefits can be lost. However, the policy does not become defunct immediately. A grace period (which depends on several factors like age of the policy, premium payment history, etc.) is available, which starts from the premium due date. In case you want to start coverage, you need to pay the revival premium.
Endowment plans are slowly becoming popular investment vehicles. They offer the dual advantage of stable returns and financial security. Let's take a closer look at them.
READ MOREEndowment plans are a smarter and more secure alternative to mutual funds. Let's find out what makes them so unique.
READ MOREWhile life and health insurance schemes have always been popular, term insurance too is slowly becoming a household name among investors. Let's take a look at what it is and whether it deserves the new-found hype.
READ MORETo get the most out of a term insurance policy, you need to calculate wisely what would be the ideal sum assured. Let's look at some ways as to how you can do this.
READ MOREInsurance is a subject matter of solicitation. Sharekhan Ltd. acts solely as a distributor of Life Insurance and does not underwrite risks or process claims. For detailed Insurance Disclaimer and other details, click here.
