Term Life Insurance

Provides coverage for a fixed period (e.g., 10, 20, or 30 years) with a death benefit but no cash value.

Whole Life Insurance

Offers lifetime coverage with a guaranteed death benefit and a cash value that grows over time.

Endowment Life Insurance

Combines insurance with savings, providing a lump sum payout after a specific term or upon death.

Unit-Linked Insurance Plan (ULIP)

A life insurance policy with an investment component, allowing policyholders to invest in equity or debt funds while ensuring financial protection.

Individual Health Insurance

Covers medical expenses for a single person, including hospitalization, treatments, and surgeries.

Family Floater Health Insurance

A single policy that provides health coverage for the entire family under a shared sum insured.

Critical Illness Insurance

Provides a lump sum payout upon diagnosis of serious illnesses like cancer, heart attack, or stroke.

Group Health Insurance

Offered by employers to their employees, covering medical expenses and hospitalization.

Motor Insurance

Provides coverage for vehicles (cars, bikes, commercial vehicles) against accidents, theft, and damages.

Home Insurance

Protects homes and belongings from risks like fire, theft, natural disasters, and accidents.

Travel Insurance

Covers financial losses due to trip cancellations, medical emergencies, lost baggage, or flight delays during travel.

Commercial Insurance

Covers businesses against risks like property damage, liability, and operational disruptions.

Equity Mutual Funds

Invest primarily in stocks/equities for long-term capital growth.

Debt Mutual Funds

Invest in fixed-income securities like bonds, government securities, and treasury bills.

Hybrid Mutual Funds

A mix of equity and debt investments for balanced risk and return.

Index Funds

Passively managed funds that track a stock market index like NIFTY 50 or SENSEX.

Government Bonds

Issued by the government to raise funds, considered low-risk investments.

Corporate Bonds

Issued by companies to finance business operations, offering higher returns than government bonds.

Municipal Bonds

Issued by local government bodies for public projects like infrastructure development.

Convertible Bonds

Can be converted into company shares after a certain period.

Regular Fixed Deposit

A standard FD where a lump sum amount is deposited for a fixed tenure at apredetermined interest rate.

Tax-Saving Fixed Deposit

Offers tax benefits under Section 80C of the Income Tax Act with a lock-in period of 5 years.

Senior Citizen Fixed Deposit

Special FD for individuals aged 60 and above, offering higher interest rates.

Recurring Deposit (RD)

Allows investors to deposit a fixed amount monthly instead of a lump sum, earning interest over time.

Tier I Account

A mandatory retirement savings account with tax benefits and withdrawal restrictions until retirement.

Tier II Account

A voluntary savings account with flexible withdrawals but no tax benefits.

Equity (E) Fund Option

Invests in stocks for higher returns, suitable for long-term growth.

Auto Choice Lifecycle Fund

Automatically adjusts asset allocation based on the investor’s age, reducing risk over time.

Income Analysis

Evaluating salary, business income, investments, and other revenue sources.

Expense Management

Tracking fixed and variable expenses to understand spending patterns.

Asset Evaluation

Assessing owned properties, investments, savings, and other financial assets.

Investment Portfolio Review

Analyzing stocks, mutual funds, fixed deposits, and other investment vehicles.

Income Assessment

Reviewing all sources of income (salary, business, capital gains) to determine taxable income.

Taxable Liabilities

Calculating the total tax liability after applying the appropriate tax slabs and rates.

Tax Credits

Reviewing available tax credits, such as for foreign tax paid or for investment in specified schemes.

Capital Gains Tax

Assessing taxes on profits from the sale of assets like property, stocks, or mutual funds.

Education Planning

Estimating future education costs (school, college, higher education).

Child's Financial Protection

Considering child insurance policies or child life insurance plans that can secure their future.

Estate Planning

Creating a will or trust for child inheritance to ensure their assets are properly managed and passed down in the future.

Retirement of Parents

Assessing how retirement planning for parents is also critical to ensure that child’s education.

Expected Retirement Age

Determining the age at which you plan to retire and assessing how long your retirement savings need to last.

Debt Clearance

Reviewing outstanding debts (home loan, personal loans, etc.) and creating a plan to clear them before retirement to avoid financial stress later.

Healthcare Planning

Accounting for medical expenses post-retirement by considering health insurance, senior citizen health plans, and emergency funds.

Withdrawal Strategy

Deciding how to draw funds from retirement accounts (e.g., monthly withdrawals, lump sums.

Asset Allocation

Evaluating the current mix of assets in your portfolio (stocks, bonds, real estate, cash, etc.) to ensure it's in line with your financial goals and risk tolerance.

Performance Tracking

Analyzing the returns of individual investments and comparing them against relevant benchmarks or market indices to assess performance.

Risk Assessment

Evaluating the overall risk level of your portfolio and ensuring it matches your investment strategy, considering factors like market volatility and diversification.

Rebalancing

Adjusting the portfolio to maintain the desired asset allocation, especially after significant market movements or changes in financial goals.

Claim Documentation

Gathering necessary documents such as policy details, medical bills, proof of loss, photographs (for property damage), or police reports (in case of theft or accident).

Claim Form Submission

Completing the required claim forms accurately, ensuring all details are provided as per the insurance company's guidelines.

Verification Process

The insurer verifies the authenticity of the claim, reviewing documents and assessing the situation (e.g., for health claims, they may confirm the diagnosis with medical reports).

Claim Assessment

The insurer evaluates the claim, often involving a field visit, an adjuster’s assessment, or a review of treatment history, and determines the amount payable.