Policies, Codes & Other Documents
We understand how important your family’s happiness is to you and how hard you work for them. It is equally important to secure your family’s future by taking a life protection cover. A Life Insurance plan is a simple way to get comprehensive protection at an affordable price and protect your loved ones against the uncertainties that life may throw at you. We present to you a broad range of Protection Plans uniquely designed to secure your family at every stage of life.
Disclaimer: Tata Capital Financial Services Limited (“TCFSL”) bearing License no. CA0076 valid till 31st Mar 2025, acts as a composite Corporate Agent for TATA AIA Life Insurance Company Limited, HDFC Life Insurance Company Limited, TATA AIG General Insurance Company Limited, IFFCO Tokio General Insurance Company Limited and Star Health and Allied Insurance Co Ltd. Please note that, TCFSL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms & conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.
The Registered office of TCFSL is 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400 013, India.
Term insurance policies provide the predefined amount of money to the policyholder’s family, only if the policyholder dies during a specified term. No claim if the insured person survives till the end of the policy period. This policy essentially remains active for a predefined time and is one of the affordable policies available in the market.
Whole life insurance as the name suggests provides you cover at all points of your life in which the policy is in force. This coverage time can go as long as 100 years. These policies also offer loan facilities to the policyholder. The overall process of buying is simple and can be done online as well through a simple process.
The main difference and advantage of money back policy is that it gives the policyholder different survival benefits which are linked to the period of the policy. Unlike other policies, this policy gives you money during the policy period. Regardless of the instalments paid, if the policyholder dies, the family gets the entire sum. These policies are expensive as compared to other counterparts.
Endowment policies are different from term insurance policies in a way that in case of these policies, the insured gets a lump sum amount of money if s/he survives till the maturity date. The policy offers insurance with savings at the same time. They also come with riders that may be used to increase the coverage of the policy. In case of death, the endowment policy guarantees that along with the sum a participation profit is also paid according to the nature of the policy.
When it comes to the age-old and vital question of whether you actually need a life insurance policy, the answers are many. It all depends on what stage of life you’re in and what your goal is to buy life insurance. Of course, the primary goal of any life insurance is to secure your family’s finances if you pass away. It is a way to ensure that your family can carry out their day to day expenses, pay bills, pay rent or EMIs and pay school fees even in your absence. But a life insurance policy can have secondary benefits as well, like tax savings and as an investment.
So, who should get life insurance and when they should get it, depends on a lot of factors. Given below, is a list of people who may or may not need to buy life insurance, along with a few situations when one should opt for life insurance.
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Policies, Codes & Other Documents
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