One industry. Different problems.
Life insurance in India is four jobs wearing one licence. Confusion starts the moment a product built for one job gets sold as another. Pick the problem you actually have.
PROTECTION
→ What happens if you die too early?
Protect income and family financially.
See the category →SAVINGS
→ How can you accumulate money with predefined or participating benefits?
Build predefined or participating long-term benefits.
See the category →ULIP
→ What if you want market-linked investing inside an insurance structure?
Market-linked investing within an insurance policy.
See the category →RETIREMENT
→ What happens if you live longer than your money?
Build or convert capital into retirement income.
See the category →RIDERS — What additional risks do you want to attach to the base policy?
A rider is not a fifth category. It's an add-on you attach to one of the four base policies above, to cover a risk the base policy doesn't. Riders exist because a base term or savings plan is priced for one specific promise (death, or maturity) — anything extra you want covered has to be underwritten and priced separately.
- Critical Illness
- Accidental Death
- Disability
- Waiver of Premium
- Income Benefit
Read how riders actually work →
Read it like a book
Seventeen short chapters, in the order that makes each one easier to follow.
What is life insurance?Chapter 2
What is term insurance?Chapter 3
Traditional life insurance, explainedChapter 4
Participating vs non-participating: what's the real difference?Chapter 5
Guaranteed vs non-guaranteed: read the fine print correctlyChapter 6
ULIP = insurance + market-linked investmentChapter 7
ULIP charges: where your premium actually goesChapter 8
Annuities: the opposite risk from term insuranceChapter 9
Riders: additional risks attached to a base policyChapter 10
Surrender value: what you get for exiting earlyChapter 11
Paid-up value: a reduced policy, not a dead oneChapter 12
Why the maturity amount alone doesn't tell you the returnChapter 13
Life insurance taxation: it depends, specificallyChapter 14
Term vs traditional savingsChapter 15
Term vs ULIPChapter 16
ULIP vs traditional savingsChapter 17
ULIP vs mutual funds