LIFE INSURANCE

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Life Insurance

As the name suggests, Life Insurance India secures your life from financial losses, which occurred due to the unexpected or premature death of the insurer. In life insurance, the insurer pays a fixed amount of money in the form of premium, to the insurance company,

Life insurance is one of the most important part of an individual finances. It helps in financially protecting the individuals’ loved ones in case of unexpected or untimely death.

There are many kinds of insurance products available in India viz. Term insurance, Whole Life insurance, Endowment Policies, Money-back, etc.

Generally, a person with age > 18 years and up to 65 years is eligible.

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We at Vivek Finserve prefer Term plans for giving insurance cover to our investors.

What is a term plan?


  • It is most affordable way to insure ones life and financially protect ones family.
  • Term insurance plans offers coverage to an individual for a specific period of time in case of death of insured, death benefit is paid to the beneficiary.
  • Term plans offer pure insurance cover to an individual. This means no savings or profit components are involved in these products.
  • This reduces the premium amount for an individual and increases affordability, also helps in a larger life cover.
  • Term plans are getting much better with more features like enhanced coverage on critical milestones of one’s life like marriage, child birth etc.
  • An individual can add many kinds of riders to the term plan and can get enhanced coverage.

Reasons For Taking Life Insurance

Life coverage

Life Insurance provides life cover to the policyholder, for securing adverse financial consequences or death of the insurer. It may be in the form of critical illness, partial or total disability.

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Death benefits

Life Insurance provides secure future to the family of the policyholder, in case of his uncertain death. In case of death, the insurance company pays the full amount (amount + bonus) to the beneficiary.

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Tax benefits

under section 80 C of Income Tax Act, life insurance amount up to the limit of Rs. 100000.

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Bonus on investment

most of the insurance policy give bonus amount along with the actual amount at the time of maturity. The bonus amount is quite good, which is not available in any other kind of investment.

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You will do anything for the ones you love.Thinking about why you need life insurance can be an emotional and stressful task. However, life insurance is one of the most responsible decisions you can make to help ensure that your spouse, children or other loved ones can continue to enjoy the quality of the life they deserve.

Life is unpredictable. So it is important to ensure that your family and loved ones are taken care of financially in case something should happen to you. This is where life insurance comes in.It can provide some financial peace of mind if the worst were to happen. What is Life Insurance? Life insurance offers a way to replace the loss of income that occurs when someone dies.

Life insurance is insurance for you and your family's peace of mind. With a life insurance policy in place, you can:

  • Provide security to your family
  • Protect your home mortgage, loans, credit card borrowings etc.
  • Provide finance to your loved ones to achieve their goals in your absence
  • Ensure that your family is able to maintain their lifestyle, no matter what happens
  • Please Take care of your estate Management needs
  • Look at other retirement saving/investment vehicles

Tax Benefits.


  • An individual can avail of deduction under section 80C of Income Tax Act.
  • This deduction is available up to Rs 150000/-.
  • Also under section 10 (10D) of the Income Tax Act, the sum assured that a policyholder receives after the maturity of the plan is tax-free.
  • You can use our calculator to get an amount of insurance cover that you need.