Welcome to Policy Grace Insurance Broking Pvt. Ltd., your trusted partner for life insurance. We understand that life is full of uncertainties, and it is essential to secure your family's future in the event of an unfortunate incident. Therefore, we offer a wide range of life insurance products to cater to your individual needs.
Life is an inherently unpredictable journey and preparing for unforeseeable events is a critical aspect of sound financial planning. Life insurance serves as a safeguard, offering peace of mind by ensuring that the family and loved ones of the insured are protected in the unfortunate event of their untimely demise. This invaluable protection is the result of a contractual agreement between the insured and the insurance company, whereby the insurer pledges to provide a sum of money in exchange for regular premium payments made by the policyholder. The insurer then disburses the funds to the family in the event of the insured's passing or at a predetermined time in the future.
Life insurance products are designed to cater to the diverse needs of individuals, ranging from pure protection to savings, wealth creation, and retirement plans. At Policygrace, we understand that each person has unique requirements and suggest products accordingly. Let us take a closer look at the different types of life insurance plans available:
Savings plans encourage systematic savings and offer steady returns to help individuals achieve specific financial goals while providing life cover protection.
These plans have a definite tenure and pay a death benefit when the insured dies within the selected tenure. Term life insurance is an affordable option that offers high coverages at low premiums. It provides the sum assured to the family or dependents of the policyholder, helping them manage finances after the primary earner's demise.
Child plans ensure that children can pursue their dreams without any hesitation by securing their future. These plans offer traditional and unit-linked child insurance plans, providing customers with options based on their risk appetite.
ULIPs offer dual benefits of coverage and investment. A part of the premium paid is invested in different options, providing market-linked returns to the insured. The remainder of the premium is used as life coverage. ULIPs are designed to be wealth creation plans.
Retirement plans help in creating a corpus for the golden years of life, providing financial security post-retirement to help customers live with dignity and pride by maintaining the same lifestyle and managing medical expenses.
Combo Plans bundle life insurance and health insurance in a single plan, offering the benefits of both in just one policy.
Group Life Insurance is an exceptional policy that offers a comprehensive safety net to a group of people, such as employees of an organization, members of an association, or a group of depositors at a financial institution. At Policygrace, we recognize the importance of safeguarding your valuable employees and their families from unforeseen circumstances. Thus, we provide a wide range of Group Life Insurance products that cater to the diverse requirements of our esteemed clients.
It is a popular choice that provides a lump sum amount to the nominee in the event of an employee's untimely demise. This insurance policy provides financial protection to the deceased employee's family, helping them manage the financial burden and maintain their standard of living.
It is a unique policy that provides financial security to employees after their retirement. It is a defined benefit plan wherein an employer contributes a certain percentage of the employee's salary towards a gratuity fund, which is paid out to the employee on retirement. This policy ensures that employees have a reliable source of income during their retirement years.
It is tailored to provide protection to a company against the loss of vital personnel. It provides financial assistance to the company in case of the death of a key employee, helping them mitigate the financial impact of the loss.
These Employer-Employee Policies are designed to offer extensive coverage to the employees of an organization. This policy provides comprehensive protection to the employees, ensuring that they are covered against unforeseen events such as accidents, critical illnesses, and death.
In India, the eligibility criteria for purchasing life insurance policies stipulate that individuals falling within the age bracket of 18 to 65 years may avail themselves of this service, subject to the terms and conditions of the policy.
Parents with minor or adult children
Young and single adults
New families
People with a home loan
Business owners
Life insurance for parents
Life insurance policies have emerged as a crucial instrument in financial planning for securing a bright future for you and your family. Let's delve into the advantages of investing in a life insurance policy:
Life insurance policies provide an assured sum in the event of the insured's untimely demise, ensuring that the family's financial future remains secure. It helps the family to stay afloat even in the absence of the insured.
Life insurance premiums are eligible for tax deduction under Section 80C of the Income Tax Act, 1961, with a deduction limit of up to Rs. 1.5 lakhs. This tax benefit can reduce your taxable income and lower your tax liability.
Life insurance policies are aligned with financial goals, providing the necessary financial support to achieve them, even in the case of the insured's untimely demise. Investing early in life insurance policies helps plan for all of life's milestones.
Life insurance policies like whole life insurance offer an average annual rate of return of 1.5%, providing a better return on investment than other banking instruments, including savings accounts and money market accounts.
Life insurance policies like ULIPs invest part of the premium and provide life cover as well as returns on investment.
Life insurance policies can help plan, save and invest for a child's higher education, securing their future financially.
Life insurance policies like term insurance provide significant coverage at a considerably lower premium, based on the insured's age and health.
Certain life insurance policies offer the option of taking a loan at a lower rate of interest than a personal loan. This additional benefit, along with protection coverage and return on investments, adds to the appeal of life insurance policies.
Opting for a critical illness rider while getting life insurance provides coverage in the case of critical health ailments, such as cancer, heart disease, and kidney failures, ensuring the financial needs of the insured are taken care of in times of emergency.
50+ Years Experience
In the Insurance Industry
Choosing the best insurance policy requires careful consideration and assessment of one's needs. Here are some tips to help make the right choice:
Assess Life Insurance Goals: It's important to determine your life insurance goals before selecting a policy. Are you looking for financial protection for your family estate planning or business purposes? This will help you determine the type and amount of coverage you need.
Calculate Optimal Insurance Cover: Calculate the optimal insurance cover needed to ensure that your family's future is financially secure. This amount should be based on your income, debts, and future expenses.
Determine Premium Amount and Best Deal: After calculating the insurance cover, determine the amount that needs to be paid as a premium and find the policy that offers the best deal.
Select Correct Policy Term: Choose a policy term that aligns with your life insurance goals. Consider factors such as your age, family's financial needs, and the duration of your financial obligations.
Be Honest with the Provider: Do not conceal any information from the life insurance provider, as it may affect the coverage you receive.
Understand Terms and Conditions Clearly: Read and understand all the terms and conditions of the policy before making the final commitment. Seek professional advice if necessary.
Buy Life Insurance Early: It is recommended to buy life insurance at an early age, as premiums tend to be lower for younger and healthier individuals.
Choose Comprehensive Plan: Opt for a comprehensive plan that covers various contingencies and offers benefits such as tax savings and investment returns.
Evaluate Needs Regularly: Regularly evaluate your life insurance needs to ensure that your coverage aligns with your changing financial goals and circumstances.
Ensure a well-thought-out life insurance plan by considering these key factors.
The selection of an appropriate sum assured should take into account the number of active working years to be replaced. A life insurance policy can act as an income replacement tool during such times of need.
All recurring expenses, such as utility bills, household expenses, and loan EMIs should be accounted for while deciding the sum assured. Accurately calculating the total expenses will provide a clear understanding of the sum assured required.
Important family milestones such as marriage, retirement, or purchasing a house require substantial investments. The selected sum assured should be sufficient to cover such expenses within the stipulated timeline.
Investing in a life insurance policy at an early age can help secure the financial future of an individual in any circumstance. However, it is never too late to invest in one, as it provides a sense of security at any stage of life.
With an appropriate life insurance coverage amount, one can support their family financially, without the worry of compromising on regular expenses.
If you have any questions or concerns regarding our life insurance policies or services, please don't hesitate to reach out to us. Our friendly and knowledgeable customer support team is available to assist you with any inquiries you may have, whether it's selecting the right policy, understanding the terms and conditions, or evaluating your coverage needs. You can contact us via phone, email, or live chat, and we'll do our best to provide you with prompt and professional assistance. We value your trust in our services, and we're committed to ensuring your satisfaction and peace of mind.
Policy Grace Insurance Broking Pvt. Ltd. is your trusted partner in securing a financially stable future. With a commitment to providing tailored insurance solutions, we help individuals and businesses safeguard what matters most. Backed by innovative technology and industry expertise, we make insurance simple, accessible, and reliable.
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