Your Insurance Partner
Expert Guidance for Life and General Insurance
At Investment Point, our mission is to provide comprehensive insurance solutions tailored to your needs. We aim to ensure that every client receives the best protection through our range of life and general insurance products.
Protect your assets with INVESTMENT POINT
Welcome to INVESTMENT POINT Insurance
At INVESTMENT POINT, we believe in providing top-notch insurance services to our clients since 2009. We are committed to providing a range of insurance products that cater to your needs and budget. Our team of experienced professionals is always ready to assist you in finding the perfect insurance plan that suits your requirements. With INVESTMENT POINT, you can rest assured that your insurance needs are in safe hands.
INSURANCE
Insurance is a financial arrangement where an individual or entity, the policyholder, agrees to pay regular premiums to an insurance company, the insurer, in exchange for financial protection against specific risks. Essentially, insurance allows individuals to transfer the risk of financial loss to the insurer, who promises to compensate the policyholder in the event of a covered loss.
Risk Transfer
Insurance is a way to manage financial risks by transferring them from the individual to the insurance company.
Financial Protection
In exchange for the premiums, the insurer agrees to provide financial assistance when a covered loss occurs.
Types of Insurance
There are various types of insurance, such as life insurance, health insurance, property insurance, auto insurance, and more.
Premiums
The money paid by the policyholder to the insurer for coverage is called the premium.
Claims
When a covered loss happens, the policyholder files a claim with the insurer to receive the agreed-upon compensation.
Legal Contract
Insurance is a legally binding contract between the policyholder and the insurer.
Mitigating Financial Hardships
Insurance helps mitigate financial hardships that can arise from unexpected events, such as accidents, illnesses, or property damage.
Life Insurance
Term insurance
Provides coverage for a specific period (e.g., 10, 20, or 30 years), offering a lump sum payout if the policyholder dies during that term.
For example:
Name - Abcd
Age - 30
SA - 5000000
Term - 40years
PPT - 15years
Premium
YEARLY - 18113 (15350+2763)
Totally you pay in 15 years-Rs.271695
Natural Risk Cover-Rs.5000000
Accidental Risk Cover-Rs.5000000
Whole Life Insurance
Offers lifetime coverage as long as premiums are paid, with the potential for a cash value to grow over time.
For example:
proposer details
Name - Abcd
Age - 30
SA - 1000000
Term - 70
PPT - 15
First Year Premium
MONTHLY - 7045 (6742+303)
Renewal Premium
MONTHLY - 6894 (6742+152)
Returns
In case of death at Age 80 nominee will receive - Rs.7457000
From Age 45-100(till survives) payable per annum - 80000
Sum Assured - 1000000
Bonus - 3990000
FAB - 3550000
Maturity(At Age:100) - 8540000
Total Prem - 1216708
Endowment Plans
Provide both insurance coverage and investment benefits, with payouts either at the end of the policy term or upon the policyholder's death.
For example:
Name - Abcd
Age - 30
SA - 1000000
Term - 16
PPT - 10
MONTHLY - 7633 (7304+329)
Renewal Premium
MONTHLY - 7468 (7304+164)
Returns
Bonus - 640000
FAB - 25000
Maturity - 1665000
Total Premium deposited - 879622
Child Plans
Specifically designed to provide financial protection for a child's future.
For example:
Proposer Age - 30
Child Name - Abcd
Child Age - 0
SA - 1000000
Term - 25
PPT - 20
First Year Premium
MONTHLY - 3829 (3664+165)
Renewal Premium
MONTHLY - 3746 (3664+82)
Returns
Child Age 25th yr - 2575000
Total Premium - 879807
Total Returns - 2575000
Pension Plans
Designed to provide a regular income during retirement.
For example:
Proposer details
Name - Abcd
Age - 30
SA - 1000000
Premium
Single Premium - 1018000
Pension
YEARLY - 64700
HALF YEARLY - 31750
QUATERLY - 15739
MONTHLY - 5217
Maturity - 902169
Money-Back Policies
Offer regular payouts to the policyholder during the policy term, in addition to a final payout.
Name - Abcd
Age 25
SA- 1000000
Policy Term - 25
PPT - 20
1st Year Premium
MONTHLY - 5243(5017+226)
2nd year onwards
MONTHLY - 5130(5017+113)
Returns
Age:30 - Rs.150000
Age:35 - Rs.150000
Age:40 - Rs.150000
Age:45 - Rs.150000
From Age:50-64 - Rs.154390
Total Premium Rs.1206546
Total Returns Rs.2915850
Natural Risk Cover - Rs.1291000-Rs.2500000
Accidental Risk Cover - Rs.1291000-Rs.2500000
You can take the loan also.
Unit-Linked Insurance Plans (ULIPs)
Combine life insurance with investment opportunities, allowing policyholders to invest in various funds.
For example:
Name - Abcd
Age - 30
Sum Assured - 600000
Policy Term - 10
PPT - 10
Initial NAV - 10%
Minimum Growth NAV - 13%
Total Premium - Rs.600000
Total Returns - Rs.1062642
Sip
SIP stands for Systematic Investment Plan. It's a way to invest in monthly mode. This approach helps investors build wealth gradually over time and overcome the challenge of trying to time the market.
Documents are required for insurance
Key documents include identity proof, address proof, income verification, age proof, and medical records. Special cases, such as for NRIs or senior citizens, may require additional documents.
General insurance
General insurance covers financial losses related to assets like homes, vehicles, health, and travel, excluding life-related risks. It provides compensation for damages or losses caused by events like fire, theft, accidents, or natural disasters. Common examples include motor, health, and travel insurance.
Key aspects of general insurance
- Non-life focus: It deals with risks related to property, vehicles, and health, rather than life itself.
- Asset protection: It protects against financial losses to insured assets.
- Compensation for damages: It provides financial compensation for losses or damages incurred due to various events.
- Financial protection: It helps mitigate the financial impact of unforeseen circumstances.
- Various types: Includes motor, health, travel, and home insurance, among others.
Examples of general insurance policies
- Motor Insurance: Protects vehicles against damage or loss from accidents, theft, or natural disasters.
- Health Insurance: Covers healthcare expenses for medical emergencies.
- Travel Insurance: Provides compensation for medical and on-medical emergencies during travel.
- Home Insurance: Covers property damage or loss due to fire, theft, or other events.
Riders
In insurance, "riders" are optional add-on benefits that can be added to a base insurance policy to provide additional coverage and tailor the policy to specific needs. They offer protection beyond the standard policy and can be purchased for a small additional premium.
What they are
- Additional Benefits: Riders are not a part of the basic policy but are added separately.
- Customization: They allow you to customize your coverage to address specific concerns, such as critical illness, accidental death, or disability.
- Enhanced Coverage: Riders help you expand your insurance coverage for a nominal extra cost.
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