Term insurance
Pure protection with high cover at a low premium.
Life Insurance
Make sure your family's plans survive your absence
Term, savings, child and retirement plans compared across insurers, with the right cover size and claim support.
Explained simply
What is life insurance?
Life insurance pays a sum assured to your nominee if you pass away during the policy term (and, in some plans, a maturity benefit if you survive). Its core purpose is income replacement for the people who depend on you.
Term plans offer pure protection. Savings, endowment and child plans combine protection with a savings element, usually at a higher premium for lower cover.
At a glance
- Term cover sized to income and liabilities
- Riders available for accident, critical illness
- Disclosure accuracy affects claims
Plans & options
Types of life insurance
Savings / endowment
Protection plus a guaranteed or participating maturity benefit, as per plan terms.
Child plans
Funds a child's future goals even if the parent is not around.
Retirement plans
Build a corpus and convert it to regular income at retirement.
ULIPs
Market-linked insurance with charges and lock-in — we explain them clearly.
Benefits
Why it matters
Tax statements are as per prevailing tax laws and subject to conditions.
Income replacement
Keeps EMIs, school fees and household costs running.
Debt protection
Prevents loans from falling on the family.
Goal protection
Child education and marriage goals stay on track.
Possible tax benefit
Premiums may qualify under Section 80C; benefits taxed as per prevailing tax laws.
Riders
Add accidental death or critical illness riders if suitable.
Nominee clarity
Correct nominee and documents avoid delays for family.
Free calculator
How much term cover do I need?
A simple income-replacement estimate you can discuss with us.
Who should consider it
Is this right for you?
- Salaried earners
- Business owners
- Parents
- Home-loan borrowers
- Single-income families
How we help
How we help
- 1
Assess your need
Income, liabilities, goals and existing cover.
- 2
Compare plans
Premiums, claim settlement information and riders.
- 3
Apply with accurate disclosure
We guide you through the proposal and medicals.
- 4
Keep it current
Review after life events — marriage, child, new loan.
Compare
Term vs endowment (savings) plans
| Term insurance | Endowment / savings | |
|---|---|---|
| Purpose | Pure protection | Protection + savings |
| Premium for same cover | Lower | Higher |
| Maturity benefit | None in pure term | As per plan terms |
| Suitable when | Primary goal is family protection | Need disciplined, low-risk savings |
FAQs
Life Insurance: common questions
How much life cover do I need?
A common starting point is a multiple of annual income plus loans and goals, minus existing savings and cover. Try our term cover calculator, then speak to us.
Is term insurance a waste if I survive?
Term is pure protection, like fire insurance on a home you hope never burns. Some plans offer return-of-premium at a higher cost.
What happens if I hide a habit like smoking?
Non-disclosure can lead to claim repudiation. Disclose accurately; premiums reflect your profile.
What is a rider?
An optional add-on such as accidental death or critical illness benefit, available for an extra premium.
Can I have multiple policies?
Yes, subject to insurer underwriting and financial justification. Always list existing policies in the proposal.
How does my nominee claim?
The nominee informs the insurer and submits documents. We assist the family with the process.
Free consultation
Get free guidance on life insurance
Tell us a little about yourself. We will call you back to understand your goals — no pressure, no jargon.
- Call us+91 88288 99979
- Message usWhatsApp Enquiry
- Emailsupport@nivaraedge.com
- Visit01, Building No. 80, Poddar Samruddhi Evergreen, Badlapur East, Thane – 421503, Maharashtra, India
- Office hours
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