Life Insurance
Protect what matters most — your family's financial security
Life insurance is not about death — it is about ensuring that the people who depend on you are never left financially vulnerable. A well-chosen life insurance plan replaces your income, pays off debts, funds your children's education, and gives your family the time and resources to rebuild. At CashRich Surojit, we believe protection must come before accumulation. We help you choose the right type, the right cover, and the right insurer — without overselling or under-insuring.
Key Benefits
Term Life Insurance
Pure protection at the lowest cost. A ₹1 crore cover can cost as little as ₹700/month. The most recommended product for income replacement.
Whole Life Insurance
Coverage for your entire lifetime with a savings component. Ideal for estate planning and leaving a legacy for your heirs.
ULIP — Unit Linked Insurance Plan
Combines insurance with market-linked investment for long-term wealth creation and tax savings. Premiums qualify for deduction under Section 80C, and maturity proceeds are tax-free under Section 10(10D).
Endowment Plans
Guaranteed maturity benefit along with life cover — and tax savings on both ends. Premiums are deductible under Section 80C, and the maturity payout is tax-free under Section 10(10D). A conservative option for those who want assured returns, protection, and a lighter tax bill.
Critical Illness Rider
Add-on cover that pays a lump sum on diagnosis of serious illnesses like cancer, heart attack, or stroke — independent of hospitalisation.
Child Plans
Secure your child's education and future milestones even in your absence. Waiver of premium ensures the plan continues if the parent passes away.
Why Choose CashRich Surojit?
- We recommend term insurance first — the most cost-effective protection available
- Needs-based analysis: we calculate the exact cover your family requires
- Comparison across leading insurers for best premium and claim settlement ratio
- Assistance with policy documentation, nominations, and claim filing
- No pressure to buy — we educate first, recommend second
- Post-sale support for policy servicing and renewals
Frequently Asked Questions
How much life insurance cover do I need?
A common rule of thumb is 10–15 times your annual income. However, the right amount depends on your liabilities, dependants, existing assets, and future goals. We do a detailed needs analysis for every client.
Is term insurance better than endowment or ULIP?
For pure protection, term insurance is almost always the best choice due to its low cost and high cover. Endowment and ULIPs combine insurance with savings/investment but at a higher cost. We help you understand the trade-offs.
What happens if I miss a premium payment?
Most policies have a grace period of 15–30 days. If the premium is not paid within the grace period, the policy lapses. We help you set up auto-debit and send reminders to prevent lapses.
Can I get life insurance if I have a pre-existing condition?
Yes, in most cases. Insurers may charge a higher premium or exclude specific conditions. We help you find the right insurer and navigate the underwriting process transparently.
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