INTRO
Life insurance is one of the most important financial decisions you will make. It ensures that your loved ones are financially protected in your absence — whether they need to pay off a home loan, fund a child’s education, or simply maintain their standard of living.
At Sama Insurance Brokers, we guide you through the landscape of life insurance products — from pure protection plans to savings-linked and investment-linked options — and help you choose what genuinely aligns with your goals.
TYPES OF LIFE INSURANCE
- Term Life Insurance Provides a high sum assured at an affordable premium for a fixed term. Pure risk cover — no maturity benefit. Best for income replacement and family protection.
- Whole Life Insurance Covers you for your entire life. Combines life cover with a savings element.
- Endowment Plans Combines life cover with a savings component. Pays a maturity benefit if the insured survives the policy term.
- ULIPs (Unit Linked Insurance Plans) Market-linked plans that combine life insurance with investment. Returns are subject to market performance.
- Money Back Plans Provides periodic payouts during the policy term along with life cover.
- Child Plans Designed to build a corpus for a child’s education and future milestones.
- Retirement / Pension Plans Provides a regular income stream post-retirement.
HOW WE HELP
- Goal Mapping — We understand your life stage, income, liabilities, and dependents before recommending a plan.
- Product Comparison — We compare offerings across multiple life insurers.
- Honest Advice — We explain the difference between protection and investment-linked products clearly.
- Policy Servicing — Support for nominations, premium payments, and claim assistance.
FAQ
Q: How much life cover do I need?
A: A general thumb rule is 10–15 times your annual income. However, the ideal cover depends on your liabilities, dependents, and financial goals.
Q: What is the difference between term insurance and endowment plans?
A: Term insurance is pure protection — it pays only in the event of the insured’s death. Endowment plans pay a maturity benefit if the insured survives the term. Term plans offer much higher cover at lower premiums.
Q: Is the life insurance premium tax deductible?
A: Yes. Premiums paid for life insurance are eligible for deduction under Section 80C of the Income Tax Act, subject to limits.
