Benchmark Investments

Protection (Insurance)

It is easy to think ‘it will never happen to me’, but financially protecting yourself, your family, your mortgage or your business is at the heart of sound financial planning. Financial planning is incomplete without insurance planning, perhaps its integral part of financial planning, its part of our holistic approach to financial planning

You can achieve your financial goals only if you continue saving and investing as per your financial plan.

Insurance protects you and your belongings from the financial cost of something going wrong. you can’t stop bad things from happening. But if something unexpected does happen – such as a accident ,burglary, an illness– it means you won’t have to pay the full financial cost on your own.

Insurance is all about managing risk. There are some instances where insurance is compulsory. For others, it will depend on your circumstances, how you feel about risk and how much risk you’re prepared to take. Protect your home, family , income and lifestyle , income against accident and critical illness

Our Protection Services

Life insurance (Term Plan, whole life term plan)
Health Insurance
Family income benefit (Guaranteed income plans)
Key Person insurance

Must-Have Insurance Plans in Your Portfolio

The choice of insurance policies depends entirely on your needs. You need to assess the financial risks that you face and then buy suitable plans to insure such risks.

Term insurance

A term insurance policy is a basic life insurance plan that covers the risk of premature death. The policy comes with a specified tenure and if the insured dies during the tenure, a death benefit is paid.

Term insurance plans are a must simply because of the fact that death is uncertain. If the breadwinner of the family dies prematurely, the family might suffer a considerable financial loss. A term plan covers such loss. It pays the family a death benefit enabling them to meet their lifestyle expenses and also fulfill their goals.

Moreover, modern-day term plans have become all-inclusive. You can find different coverage variants that not only secure you against the risk of premature death but also against critical illnesses, terminal illnesses and accidental deaths. You can also opt for the whole life option and enjoy coverage up to 99 or 100 years of age.

Health insurance

Health insurance plans prove relevant because of the incidence of medical contingencies and the coverage that these plans provide. If you suffer an illness or are injured in an accident and require hospitalization, a health plan covers your medical bills.

In today’s age, medical costs are increasing considerably and are rapidly becoming unaffordable for most families. Having a health insurance plan has become a must. It ensures financial protection when medical emergencies strike.

Life Cover

Get a sum assured upon death

Health Cover

Get all hospitals bills reimbursed if you become ill or in accidental case.

Disability Cover

Get a lump sum amount over permanent or partial disability

Concept of Insurance

An individual’s life and property are exposed to risk. The individual might either suffer disability or death, whereas the property might get damaged. Similarly, an entity might also be exposed to the risk of suffering losses due to natural disasters, theft etc., which could lead to financial losses. Insurance enables an individual or an entity to transfer these risks to an insurance company. The party (individual or entity) which buys an insurance policy is called the insured and the party (insurance company) which sells an insurance policy is called the insurer.

Insurance turns out to be a legal agreement between the insured and the insurer. As per the agreement, the latter promises to cover the financial losses suffered by the former in case of an unexpected event. For this, the insured pays a recurring amount, known as a premium, at regular frequencies throughout the term of the insurance cover.

Types of Insurance

Life - A life insurance plan would cover the life-risk of the policyholder. Life insurance comprises all types of life insurance plans such as term life plans, endowment plans, ULIP plans etc.
Non-Life (General insurance) - An insurance plan that covers anything except risk to life is called general insurance. General insurance includes health insurance, car insurance, travel insurance, 2 wheeler insurance etc.

Differences between Life Insurance and General Insurance

Benefits of maturity : Life insurance can be seen as an investment apart from insurance as it offers maturity benefits after specific tenures. General insurance, mostly, doesn’t give any maturity benefits but just promises a payout amount in case of any loss due to unavoidable circumstances.
Premium payments : In case of life insurance, generally a fixed amount is to be paid annually, for a specific tenure like 10 or 20 years. For general insurance, mostly the entire premium is paid in one go when you are buying the policy.
Policy Duration : The duration of life insurance policy is generally long-term, whereas that of general insurance is short term.
Role in planning finances : Life insurance can be an investment avenue for different financial goals such as money for a child’s education, retirement corpus, etc. General insurance just protects your valuables against any crisis.
Claim of Insurance Amount : In case of life insurance, the assured sum is paid either on the death of the insured person or maturity of the policy. For general insurance, the loss is compensated in case of unfortunate events, as per the policy terms and conditions.

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Disclaimer

We are only distributor of Royal Sundaram for health insurance products

We are only distributor of Tata Aia Life Insurance Insurance products and NOT product manufacturer

We are only distributor of Tata Aia Life Insurance Insurance in Individual capacity not registered as corporate entity

We are only distributor of Royal Sundaram for health insurance in Individual capacity not registered as corporate entity

Product information is authentic and solely based on the information received from the Insurer.

Benchmark Investments is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer.

As per the Insurance guidelines, you are allowed to cancel the policy with-in 15 days from the date of Issuance of policy. For more details, please read the Plan Brochure carefully or talk to our advisor at the time of purchase.

Insurance cover is available under the product.

The contents herein mentioned are solely for informational and educational purpose only

Please consult your CA / Tax expert for taxation before investing.

The information provided on this website is to help investors in their decision-making process and shall not be considered as a recommendation or solicitation of an investment or investment strategy.

The products are underwritten by Tata AIA Life Insurance Company Ltd.

The plans are not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

This content is for information and illustrative purposes only and does not purport to any financial or investment services and do not offer or form part of any offer or recommendation. The information is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.

Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company.

Every effort is made to ensure that all information contained in this blog is accurate at the date of publication, however, the Tata AIA Life shall not have any liability for any damages of any kind (including but not limited to errors and omissions) whatsoever relating to this material.

Guaranteed Returns/Payouts depend on Plan Option, Policy Term, Premium Payment Term and Age at entry

This document is marketing material for a retail audience and does not constitute advice or recommendations. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.

There are risks associated with fixed income investments, including credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities.

Stock investments have an element of risk. High-quality stocks may be appropriate for some investments strategies. Ensure that your investment objectives, time horizon and risk tolerance are aligned with stocks before investing, as they can lose value.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

The above calculation and illustration of figures are indicative only and not on actual basis.

Benchmark Investments only acts as a mediator between its clients and the company inviting/accepting deposits, known as Principal Company.

The contents herein above shall not be considered as an invitation or persuasion to trade or invest. We accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.