• 4 AUG 2017

    Term Plan Vs Comprehensive Plan


    With a wide variety of insurance plans to choose from, you may be confused about what is the right choice to protect your loved ones. Most individuals have a primary motive of securing themselves and their families during disease and death. Here we compare two such types of insurance: Term and Comprehensive, each with their own benefits.



    Term Plan

    Comprehensive Plan


    Term insurance is a life insurance product offered by an insurance company which offers financial coverage to the policy holder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary.

    A comprehensive plan is a life insurance product that gives benefits over and above a life cover/death benefit. It also protects you through a critical illness cover.

     Claim Stage

     One claim: on death of the life

     Two claims: first on the diagnosis of
    critical illness, and regular
    installments to cope with the loss of
    income as well as death; and
    second on the death of the life

     Claim Payment Mode

     Lump sum

     Choice of lump sum, installments
    or a mix of both for critical illness,
    and lumpsum at death

     Primary Objective

     To reduce financial burden on
    dependents in case of death

     To provide for treatment costs
    dusting serious illnesses, to
    support the family for income loss
    during critical illness, and reduce the
    financial burden on dependents in
    the case of death

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  • 5 NOV. 2018

    What if Things Don’t Go As Planned?

    Any human being doesn’t want to even imagine about his / her death. All of us wants to believe that we are immortals. In Mahabharata, there was a dialogue between Yudhishtira and Yaksha where Yudhishtira answered the questions asked by Yaksha. One of the questions asked by Yaksha was ‘What is the greatest wonder?’. Yudhishtira replied ‘Day after day countless people die. Yet the living wish to live forever. O Lord, what can be a greater wonder?’

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