LIFE INSURANCE

Purpose: Financial protection for your family in case of your death.

Key Points:

• Pays a lump sum (sum assured) to your nominee upon death.

• Helps cover future expenses like children's education, loans, etc.

• Offers tax benefits under Section 80C and 10(10D).

• Can include savings or investment components (ULIPs, Endowment Plans).

HEALTH INSURANCE

Purpose: Covers medical expenses for illness, accidents, or surgeries.

Key Points:

• Covers hospitalization costs, pre- and post-hospitalization, ambulance, etc.

• Cashless treatment available at network hospitals.

• Tax benefits under Section 80D.

• Can cover entire families under one plan.

MOTOR INSURANCE

Key Points:

• Mandatory by law (at least third-party insurance).

• Covers theft, accidents, fire, and natural disasters.

• Personal accident cover often included.

HOME INSURANCE

Key Points:

• Protects against fire, theft, floods, earthquakes, etc.

• Can include structure + contents insurance.

• Important for homeowners and landlords.

• Premium depends on property value and location.

TRAVEL INSURANCE

Purpose: Covers financial losses during domestic or international travel.

Key Points:

• Covers medical emergencies, trip cancellations, flight delays.

• Includes coverage for lost passport, baggage, or documents.

• Essential for international travelers, especially students and tourists.

• Plans can be single-trip or multi-trip.