Life Insurance

We offer the most comprehensive life Insurance coverage.

What is Life Insurance?

Life can be unpredictable and planning for unforeseen events is an essential part of financial planning. Life insurance ensures that the family and loved ones are covered in the unfortunate event of the insured’s demise. It is a contract between the insured and the insurance company, where the insurer promises to pay a sum of money in exchange of the individual paying a premium at regular intervals. The insurer pays the family if the insured passes away or after a stipulated period.

What are the Types of Life Insurance?

There is a wide range of life insurance products available to meet various needs, from pure protection and savings to wealth creation and retirement plans. At Kamal Finance Services, we understand that individual needs change over time. That’s why we offer tailored insurance solutions designed to address the diverse financial goals and requirements of our customers.

Savings Plans

Savings plans encourages systematic savings while giving steady returns to help you achieve specific financial goals while providing life cover protection.

Protection Plans/ Term Plans

These plans have a definite tenure and pay a death benefit when the insured dies within the selected tenure. Term life insurance is very affordable when compared to another type of life insurance and provide high coverages at very low premiums. In this type of insurance policy, the sum assured is offered to the family or dependents of the policyholder, thereby helping them in managing finances after the primary earner passes away.

Child Plans

Child plans are to secure your child’s future so that they can pursue their dreams without hesitation. These plans ensure that your child can pursue education and the career of his/her choice. These plans provide both traditional and unit linked child insurance plans that you can choose based on your risk appetite.

Unit Linked Insurance Plans (ULIPs)

The Unit Linked Insurance Plans (ULIPs) is a type of life insurance that is structured to offer dual benefits of coverage and investment. A part of the premium paid is invested in different options, offering the insured market linked returns. The remainder of the premium is used as life coverage. These are Wealth creation plans.

Retirement Plans

Retirement plans helps in creating a corpus for the golden years of life. It provides financial security post retirement to help customers live with dignity and pride by maintaining the same lifestyle, manage medical expenses etc.

Combo Plans

Combo Plans bundle life insurance and health insurance in a single plan, offering the benefits of both in just one policy.

What are the Benefits of Life Insurance?

Secure Financial Future

Life insurance policies offer a secure future for the family by providing an assured sum in the event the insured passes away. The money claimed can help the family stay afloat in the insured’s absence.

Tax Benefits

The premiums paid on life insurance policies are eligible for a tax deduction under Section 80C of the Income Tax Act, 1961, to the amount of Rs. 1.5 lakhs.

Financial Planning & Life Goals

As life insurance policies are aligned with the financial goals, the policy provides the financial support to achieve them even in the case of the insured’s untimely demise. Investing early will help plan for all of life’s milestones.

Return on Investment

With an average annual rate of return on a whole life policy is 1.5% as reported by Consumer Reports, it offers a better return on investment than the interest rate of other banking instruments including savings accounts and money market accounts.

Invest to Create Wealth

Life Insurance policies that invest part of the premium such as ULIPs, provide the insured life cover as well as the returns on investment.

Higher Education Plan for Children

Planning, saving and investing for a child’s higher education is a priority for most parents. Life insurance policies can help achieve this milestone securing a child’s future financially.

Get in Touch for Life Insurance Solutions

Connect with us to explore personalized life insurance options that suit your needs. Our experts are ready to help you find the best coverage and secure your financial future. Reach out today for tailored advice and support.

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