Life Insurance
A Promise Today for a Protected Tomorrow!
What is Life Insurance?
Life insurance provides financial security to your loved ones in the event of your passing, ensuring their well-being and covering long-term financial obligations. By choosing life insurance with My Insurance Dost, you can protect your family’s future and secure a legacy of financial support.
Term Life Insurance
Term life insurance provides straightforward protection for a specified term (e.g., 10, 20, or 30 years). It offers high coverage at affordable premiums, ensuring financial support to your dependents in case of your untimely death. Ideal for young families and individuals seeking affordable, high-value coverage
Whole Life Insurance
Whole life insurance offers lifelong coverage, paying out a death benefit regardless of when you pass away. This policy also builds a cash value component over time, which can be borrowed against or used for future financial needs. It’s ideal for those who want both protection and a savings element
Unit-Linked Insurance Plan (ULIP)
ULIPs provide a combination of life insurance and investment, allowing you to invest a portion of your premium in equity, debt, or balanced funds. This plan is suited for individuals looking to build wealth while enjoying life insurance coverage, offering market-linked returns along with a life cover
What Does Life Insurance Cover?
Life insurance policies at My Insurance Dost are designed to cover various financial needs, including:
Death Benefit
Lump sum payout to beneficiaries upon the policyholder’s passing
Maturity Benefit
(for Whole Life and ULIPs): Payout if the policyholder outlives the policy term
Accidental Death Benefit
Additional payout in case of accidental death
Terminal Illness Benefit
Coverage in the event of terminal illness
Investment Growth
(ULIPs): Market-linked returns on invested premiums
Income Replacement
Regular income for beneficiaries to cover monthly expenses
Key Features to Consider When Choosing Life Insurance
When selecting a life insurance plan with My Insurance Dost, keep these essential features in mind:
Coverage Amount
Choose a sum assured that ensures your family’s financial security, covering both daily expenses and long-term goals like education or home loans
Policy Tenure
Select a policy term that aligns with your financial goals, whether for a specific period (Term Life) or lifelong coverage (Whole Life)
Premium Flexibility
Look for plans with flexible premium payment options (monthly, quarterly, or annually).
Cash Value Accumulation
Whole Life policies build cash value over time, which can be accessed for future financial needs
Investment Options
ULIPs allow you to diversify your investment by choosing equity or debt funds based on risk appetite
Rider Options
Enhance coverage with riders like accidental death, critical illness, or waiver of premium to maximize protection
Benefits of Life Insurance with My Insurance Dost
Financial Protection
Safeguards your family’s future against loss of income, ensuring their financial stability
Tax Savings
Life insurance premiums qualify for tax deductions under Section 80C, and maturity proceeds are tax-free under Section 10(10D)
Legacy Planning
Life insurance enables you to leave a legacy for your loved ones or a cause close to your heart
Investment and Savings Growth
(ULIPs & Whole Life) Enjoy the dual benefit of life cover and wealth creation
Peace of Mind
Knowing that your family’s financial needs will be met provides immense peace of mind
Loan Facility
Whole life policies and ULIPs offer the option to borrow against the policy's cash value, providing financial flexibility for urgent needs
Why Choose My Insurance Dost?
At My Insurance Dost, we are committed to helping you protect your loved ones’ future. Our platform offers:
Tailored Advice
Personalized recommendations from our experts to suit your financial goals and coverage needs
Extensive Comparison
Compare multiple policies to find the right plan for your life stage and budget
Transparent Service
We ensure easy claim processes, transparent policies, and continuous customer support
Trusted Partnerships
With connections to top insurers, we provide reliable and comprehensive life insurance options