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An Endowment Policy is a life insurance contract designed to pay a lump sum after a specific term or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit.
A Money Back Plan, gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity.
Child Insurance is a form of life insurance that insures the life of a minor. It is usually purchased to protect against the unexpected costs of a child's funeral or burial and to secure inexpensive and guaranteed insurance for the lifetime of the child.
Payment of Pension amounts starts as soon as the policy term ends, through money accumulated over the years through sum assured, bonuses and guaranteed additions. Insurance company invests this for the generation of a regular income for the policyholder.
These are non-linked Health Plan, which provides fixed benefit for hospitalization and almost all types of surgical procedures irrespective of actual cost incurred. In addition to other Health Insurance cover that insured lives may have subject to certain T&C.;
Term Insurance Plan is a form of life cover, it provides coverage for defined period of time, and if the insured expires during the term of the policy then death benefit is payable to nominee. Term plans are designed to secure family needs in case of death or uncertainty.
Alliance Services qualified Agent guide you to select right coverage as per your and your family requirements considering multiple factors. Please connect with us
Savings through life insurance guarantee full protection against risk of death of the saver. Also, in case of demise, life insurance assures payment of the entire amount assured (with bonuses wherever applicable) whereas in other savings schemes, only the amount saved (with interest) is payable.
For more details, please contact us, our Agent will be glad to help you choose the life insurance plan to meet your needs and render policy servicing.
