Insurance and Protection
Most people have a policy. Fewer have enough cover. We check what you already hold and tell you straight if it falls short.
The review
We start with your existing policies
Bring what you have. Often the answer is that your cover is fine and you should keep it. That earns us nothing, and we say it anyway.
- Cover against liabilities. Outstanding loans, dependants' living costs and future obligations, measured against the actual sum assured.
- Policy type audit. Whether what you hold is term, endowment, ULIP or money-back, and what each is genuinely doing for you.
- Health cover adequacy. Sum insured against real hospitalisation costs in your city, plus room-rent caps, co-pay clauses and disease waiting periods.
- Employer cover dependency. Group health cover ends when the job does, frequently at the worst possible moment. Independent cover matters.
- Parents and dependants. Senior-citizen health cover, and the deduction available on those premiums.
- Nomination and documentation. The reason claims actually get delayed is rarely the insurer, it is paperwork nobody updated.
Our position
Insurance and investment are different jobs
They are usually sold together, as endowment plans, money-back policies and ULIPs. Those pay far more commission than plain term cover does.
Bundled products usually give you weak cover and weak returns. Term insurance for protection and mutual funds for growth normally beats both. We say so even though it pays us less, and we tell you what each option earns us.
There are exceptions. If you are in one, we will explain why.
How placement works
We review and identify gaps. Where cover is needed, policies are placed through licensed insurance intermediary partners, and the insurer pays commission in the usual way. We will tell you the arrangement before you proceed. Insurance is subject to IRDAI regulation and the terms of the individual policy document, cover, exclusions and waiting periods are determined by the insurer, not by us.
Common questions
How much term cover do I actually need?
A common starting point is ten to fifteen times annual income, adjusted for outstanding loans and how many years dependants need supporting. The right number comes from your specific liabilities, not a multiple.
I already have a ULIP. Should I surrender it?
Not automatically. Surrender charges, the point you are at in the policy term and the cover it provides all matter. Sometimes continuing is the better arithmetic. We will show you the calculation rather than assert an answer.
Do you charge for the review?
No. The review is part of the planning conversation. If cover is placed through our partners, the insurer pays commission, disclosed to you beforehand.
When did you last read your policy?
Bring it in. Half an hour usually settles whether it is doing its job.