Life insurance is a contract between an individual and an insurance company, where the insured person pays premiums regularly, and in exchange, the insurer promises to pay a sum of money to the designated beneficiaries upon the insured's death. This financial protection ensures that loved ones or dependents are supported financially in the event of the insured's demise. Life insurance policies also often offer additional benefits such as coverage for critical illness or disability.
The insured individual selects a life insurance policy and pays premiums either monthly, quarterly, or annually.
In the event of the insured's death, the designated beneficiaries file a claim with the insurance company.
Upon verification of the claim, the insurer pays out the sum assured to the beneficiaries.
Life insurance policies may also offer maturity benefits if the insured survives the policy term.
Provides coverage for a specific term or period. If the insured dies during the term, the beneficiaries receive the sum assured. If the insured survives the term, there is no payout.
Provides coverage for the entire life of the insured. It also offers a savings component, with cash value accumulating over time.
Combines insurance with investment. Premiums are invested in equity or debt funds, and the policyholder can switch between funds based on their risk appetite.
Provide periodic payouts during the policy term, along with a lump sum amount at the end of the term or on the insured's death.
Designed to secure a child's future by providing financial assistance for education, marriage, etc., in case of the parent's demise.
Also known as retirement plans, these provide regular income after retirement.
At SFS Enterprises, we understand the importance of securing your family's financial future through life insurance. As experienced life insurance consultants, we offer personalized advice and guidance to help you choose the right policy tailored to your needs and circumstances.
Our team of experts will assess your requirements, explain the various options available, and assist you in selecting a policy that provides comprehensive coverage at competitive premiums. We prioritize transparency and integrity in our dealings, ensuring that you make informed decisions regarding your life insurance coverage.