Life Insurance

Life insurance works on the principle, “In case you can’t be there to catch them, make sure you leave a safety net.”

Life insurance (or life assurance, is a contractual agreement between a policy holder and an insurer/ assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Specific exclusions are often written into the contract to limit the liability of the insurer; like claims relating to suicide, fraud, war, riot, and civil commotion.

Life-based contracts tend to fall into two major categories:

  • Protection policies: designed to provide a benefit, in the event of a specified occurrence. A common form—more common in years past—of a protection policy design is term insurance.
  • These kinds of policies facilitate the growth of capital by regular or single premiums, and are referred to as Whole-life policies.

While an Annuity Plan gives you guaranteed returns at the end of a specific term, or assure you a certain sum of money at the event of your demise. We deal with some of the biggest names in the industry and bring you a comprehensive end-to-end coverage that you need to safeguard your family against financial ruin.

Welfin believes in protection and preservation as primary focus in wealth creation & conservation and heavily promotes Term Plans that essentially assures you a large sum of money at a minimal premium and at the end of the term, your coverage ends and no one receives any money if no contingencies happen.

We deal with some of the premium and best Insurance companies that tailors your needs to a custom fit.

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