Life Insurance at SSR
At SSR, we provide life insurance plans that safeguard your family’s future. Ensure peace of mind with coverage designed to protect your loved ones.
At SSR, we provide life insurance plans that safeguard your family’s future. Ensure peace of mind with coverage designed to protect your loved ones.
Life insurance provides financial support to your loved ones in your absence. It is a contract where the insurer pays a fixed amount to your nominee if you pass away during the policy term, provided all premiums are paid on time. Life insurance acts as a financial cushion by replacing your income for your family. This payout helps cover daily expenses, repay debts, and secure future goals such as education and retirement. Life insurance ensures financial stability and peace of mind for your loved ones.
Life insurance is a contract between a policyholder and an insurance company. In this Life Insurance Agreement, the insurer promises to pay the policyholder's nominee a fixed amount (called the sum assured) in case of the policyholder's death during the policy term. In exchange, the policyholder pays regular premiums to keep the policy active.
Some life insurance plans, like term insurance, offer pure life cover and maturity payouts are not paid. Other protection plus savings plans, such as endowment plans, ULIPs, pensions, and money-back policies, combine life cover with investment or savings benefits. Depending on the plan type, these investment plans offer maturity payouts, bonuses, or market-linked returns.
Life insurance meaning: Life insurance is a financial safety net for your family that pays out a sum of money on the death of the life insured or after a set period.
| Life Insurance Company | Term Insurance Plan | Investment Plans |
|---|---|---|
| ICICI Prudential Life Insurance | ICICI Pru iProtect Smart Plus Term Plan | ICICI Prudential Life Insurance Company Ltd Signature |
| HDFC Life Insurance | HDFC Life Click 2 Protect Super | HDFC Life Insurance Company Ltd Click2Invest |
| Axis Max Life Insurance | Axis Max Smart Term Plan Plus | Axis Max Life Insurance Co. Ltd Online Savings Plan |
| Tata AIA Life Insurance | Tata AIA Sampoorna Raksha Promise | Tata AIA Life Insurance Company Ltd Smart Fortune Plus-Wealth Secure |
| Bajaj Allianz Life Insurance | Bajaj Allianz Life eTouch II | Bajaj Allianz Life Insurance Company Ltd Smart Wealth Goal V |
| Canara HSBC Life Insurance | Canara HSBC Young Term Plan - Life Secure | Canara HSBC Life Insurance Company Promise4Growth Plus - Wealth |
| Digit Life Insurance | Digit Glow Term Insurance | 25 Lacs – 1 Crore |
| Kotak Life Insurance | Kotak e-Term Insurance | Kotak Mahindra OM Life Insurance Ltd E-Invest Plus |
| Edelweiss Life Insurance | Edelweiss Life Zindagi Protect Plus | 50 Lacs – No limit |
| Aditya Birla Sun Life Insurance | ABSLI DigiShield | Birla Sun Life Insurance Company Ltd Wealth Smart Plus |
| SBI Life Insurance | SBI Life eShield Next | SBI Life Insurance Company Ltd SBI Life-eWealth Plus |
| Bandhan Life Insurance | Bandhan Life iTerm Prime | - |
There are only two types of life insurance plans: term insurance (protection plans) and investment plans. While Term Insurance provides pure risk coverage with a death benefit, investment plans offer protection and wealth creation. Let's explore the different types of life insurance plans as per your financial needs:
| Type of Life Insurance Plans | Coverage Offered |
|---|---|
| Term life insurance policy | Death Benefit |
| HDFC Life Insurance | HDFC Life Click 2 Protect Super |
| Term plan return of premium | Life cover + return of premiums (in case of survival) |
| Whole life insurance plan | Death benefit |
| Unit Linked Insurance Plan (ULIP) | Insurance cover + benefits of market linked investments |
| Endowment Plan | Protection and Savings Plan |
| Pension Plan/Retirement Plan | Insurance Cover+ saving benefits |
| Child Plan | Insurance cover + investment benefits |
The purest and most affordable form of life insurance. Offers financial protection to the nominee in case of the policyholder's untimely death. Coverage is provided in exchange for fixed premiums over a specific policy term.
A type of term insurance that includes a Survival Benefit. Provides life cover like standard term plans. If the policyholder survives the entire policy term, all premiums paid (excluding GST) are returned.
A term insurance variant that allows policyholders to exit early and get a full refund of all premiums paid up to that point. If not exited early, the policy continues as a regular term insurance plan.
Offers life cover until the age of 100 years. Ideal for those who want to leave a legacy or ensure lifelong financial protection for their family. The death benefit is paid out whenever the policyholder passes away.
Combines investment and insurance in one plan. Premium is split: part goes to market-linked funds (equity, debt, or both), and part to life cover. Returns depend on market performance; top-performing ULIPs have historically offered 15–20% returns.
Offers both insurance coverage and savings. It helps in systematic saving with maturity, which benefits survival. Provides a death benefit if the policyholder passes away during the policy term.
Designed for post-retirement income security. Pay premiums regularly or as a lump sum. Offers regular income after retirement (immediate or deferred).
It aims to ensure your child's financial future, especially regarding education and life goals. Offers life cover to the parent and funds future premiums if the parent passes away. Ensures the child's financial needs are met even in the parent's absence.