The document discusses different types of life insurance products available in India. It describes term life insurance, whole life insurance, endowment policies, money back policies, group life insurance, retirement insurance plans, ULIP insurance, and child insurance. For each type, it provides a brief definition and examples of insurance plans that offer that type of coverage and potential returns. The conclusion emphasizes doing research to find an insurance plan that suits one's individual needs and life goals.

1. Different types
of Life insurance
products with
real returns
By – Nishchay Saxena
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2. LIFE
INSURANCE
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A MUST OR NOT ?

3. A MUST IN THE
LIFE
Life Insurance is defined as a contract between
the policy holder and the insurance company,
where the life insurance company pays a specific
sum to the insured individual's family upon his
death.
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4. INSURANCE INDUSTRY

5. Benefits
Vitamin M is
source code
Great Future
Cover
Tax Benefits
Expenses
Covered
Income
Replacement
Liability Free

6. TYPES OF LIFE
INSURANCE
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Guess how many ?

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Endowment Life
Insurance Policy
Whole Life Insurance
Term Life Insurance
Money Back
Insurance Policy
Retirement Insurance
Policy
Group life Insurance
Child Insurance Policy
ULIP Life Insurance
Policy

8. TERM LIFE
INSURANCE
 The Term Life Insurance is a type of Life
Insurance that provides a death benefit to
the beneficiary only if the insured dies
during a specified period.
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Returns – Max Life Insurance offers you 1 Cr life
cover @490/ Month* but with no returns if you are alive

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Some Term Insurance Plans

10. WHOLE LIFE
INSURANCE
 It provides you coverage throughout your lifetime
provided the policy is in force and it also contains
a cash value component that increases overtime
and you can actually withdraw your cash value or
take a loan against it
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Returns – Kotak Premier Life Plan offers you
minimum sum assured of 2 Lac with policy duration of
100 years with risk benefit.

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Some Whole Life Insurance Plans

12. ENDOWMENT
POLICY
 Endowment Plans provide you with a dual
combination of protection and savings and is
defined as a type of life insurance policy that is
payable to the insured if he/she is still living on
the policy’s maturity date, or to a beneficiary
otherwise and it has risk coverage as well
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Returns – Max Life Plus Endowment Plan 20 yr 10
Pay offers you minimum assured 4 lac @25K/ year with
risk coverage and tax benefits

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Some Endowment Plans

14. MONEY BACK
POLICY
Money Back Policy gives you money during the policy
tenure. It gives you a percentage of the sum assured at
regular intervals during your policy term.
If you live beyond the term of the insurance policy
then you will receive the remaining portion of the
corpus and the accrued bonus also at the end of the
policy term.
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Returns – Aviva Dhan Samridhi Plan with policy term
of 10, 15 years offers you money back plan with risk
benefits.

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Some Money Back Plans

16. GROUP LIFE
INSURANCE
 A group life insurance is one of the types of life
insurance that covers a group of people under
one master policy. These types of life insurance
are generally provided as part of an employment
benefit.
 A unique feature of these types of life insurance
products is that you will get the insurance cover if
you remain a part of the group
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Returns – ICICI Lombard offers group Insurance up
to 200 peoples in a batch at a affordable cost.
They even offer return on principal amount upon
maturity period

17. RETIREMENT
INSURANCE PLAN
 Retirement Plans are insurance plans which
provides financial security and help you with
wealth creation after your retirement.
 With Retirement Plan, you will get a sum of money
as pension in the vesting period.
 In case of your untimely demise during the policy
term, your nominee will get the death benefits.
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Returns – The corpus generated throughout is
provided as pension or annuity

18. ULIP
INSURANCE
 ULIP fulfills two aspects first is investment and
second is protection
 A ULIP is one of the types of life insurance policies
in India that fulfill both these aspects and
opportunities.
 Being one of the types of life insurance, it has a lock
in period as well, which makes it a long-term
investment instrument that comes with risk
protection
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Returns – Aviva Life Insurance offers Life Bond
Advantage Plan that gives you market based returns
with life coverage with minimum premium of 50K

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Some ULIP Plans

20. CHILD
INSURANCE
 A child plan is an investment + insurance plan
that helps you meet your child’s financial
needs.
 A child insurance plan will help you create
wealth for your child’s future needs like
education
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Returns – Birla Sun Life Insurance offers you a
minimum of 1 lac assured amount with maximum
maturity age of 75 years

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Some Child Plans

22. CONCLUSION
 Well, when it comes to insurance it purely
depends upon one’s needs and life goals and in
the market there is stiff competition which
ultimately benefits the end consumer.
 While picking any insurance one must see the
claim settlement ratio, terms and condition
underneath to make a wise choice.
 We should be cautious as well because not every
insurance suits you so it should be dealt with
logic and research.
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