Life Insurance
Secure your family's future with the right life insurance coverage.
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Talk to an experienced advisor about life insurance.
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What is Life Insurance?
Life insurance is the foundation of any sound financial plan — it ensures that your family's financial goals remain on track even in your absence. For professionals and families across India, where EMIs, children's education costs, and lifestyle expenses can be significant, having adequate life cover is critical. Yet many people remain underinsured or hold traditional endowment and ULIP policies that deliver poor returns along with inadequate protection. At Right Assets Management, our IRDAI-compliant advisors cut through the confusion to recommend the right type of life insurance for your stage of life. For most working professionals, a pure term insurance plan provides the highest coverage at the lowest cost — a ₹1 crore term plan can cost as little as ₹8,000–12,000 per year for a healthy 30-year-old. We help you determine the right sum assured (typically 15–20 times your annual income), policy term, and rider add-ons such as critical illness and accidental disability covers. We also review existing policies and advise on whether they should be retained, surrendered, or supplemented with a term plan. For those seeking a combination of insurance and long-term savings, we evaluate whole life and guaranteed return plans from IRDAI-regulated insurers with transparent cost structures.
Who Is This For?
- Earning members of families with dependants — spouse, children, or parents — relying on their income
- Home loan or personal loan borrowers who want to ensure their family is not burdened with debt in their absence
- Young professionals across India's IT and startup ecosystem buying life insurance early for the lowest premiums
- Business owners and partners wanting key-person life insurance to protect business continuity
- Individuals holding underperforming endowment or money-back policies who want a review and restructuring
- Parents wanting to secure their children's education and future milestones regardless of what happens to them
How We Help — Step by Step
Human Life Value Calculation
We calculate your Human Life Value (HLV) — the income your family would lose in your absence — to determine the minimum adequate sum assured for your term plan.
Existing Policy Review
If you hold existing life insurance policies, we review them for adequacy, costs, and returns, and advise on whether to retain, augment, or restructure.
Plan Type Recommendation
We recommend the right plan type — pure term, whole life, guaranteed return, or ULIP — based on your protection needs, financial goals, and budget.
Insurer Comparison
We compare plans from leading IRDAI-registered insurers (LIC, HDFC Life, ICICI Prudential, Max Life, SBI Life) on premium, claim settlement ratio, riders, and features.
Rider Selection
We help you choose appropriate riders — critical illness cover, accidental death benefit, disability waiver of premium — to enhance your protection without over-spending on premium.
Application & Medical Underwriting
We assist with the proposal form, coordinate any required medical examinations, and liaise with the insurer's underwriting team for smooth policy issuance.
Policy Review & Nominee Update
We review the issued policy document, verify that nominee details are correctly registered, and flag any discrepancies for correction before the free-look period ends.
Why Choose Right Assets for Life Insurance?
- Ensure your family receives adequate financial protection — not just a nominal cover that falls short of real needs
- Get pure term insurance at the lowest possible premium — the most cost-efficient life protection available
- Avoid mis-selling of expensive endowment plans — receive transparent, unbiased advice aligned to your goals
- Claim tax deductions under Section 80C for premiums paid (up to ₹1.5 lakh per year)
- Maturity proceeds from life insurance policies are tax-exempt under Section 10(10D) subject to conditions
- Receive claims support for your nominee during the most difficult time — we guide families through the process
- Periodically review and update coverage as your income, liabilities, and family situation evolve
Documents Required
Frequently Asked Questions
How much life insurance cover do I need?
A common rule of thumb is 15–20 times your annual income. For example, if you earn ₹10 lakh per year, a sum assured of ₹1.5–2 crore is advisable. We also factor in outstanding home loans, children's education costs, and your family's living expenses to arrive at a precise number for your situation.
What is the difference between term insurance and endowment plans?
Term insurance is pure protection — if you die during the policy term, your nominee receives the sum assured. There is no maturity benefit if you survive. Endowment plans combine insurance with savings but charge much higher premiums for lower coverage. For most people, term insurance plus separate mutual fund investments is significantly better value.
Is life insurance premium tax-deductible?
Yes. Premiums paid for life insurance policies qualify for deduction under Section 80C of the Income Tax Act, up to a combined limit of ₹1.5 lakh per year. This includes premiums for your own policy as well as policies for your spouse and children.
What claim settlement ratio should I look for in an insurer?
IRDAI publishes annual claim settlement ratios for all registered life insurers. We recommend choosing an insurer with a claim settlement ratio above 97%. Leading insurers like LIC, HDFC Life, Max Life, and ICICI Prudential Life consistently maintain high settlement ratios, making them reliable choices for long-term term plans.
Can I buy term insurance if I smoke or have a medical condition?
Yes, though premiums will be higher for smokers and those with certain medical conditions. Full and accurate disclosure at the time of application is critical — any non-disclosure can lead to claim rejection. Our advisors guide you on declaring your health status correctly while selecting the most cost-effective plan available for your profile.
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