Life insurance isn't about you — it's about making sure the people who depend on you are financially protected no matter what happens. Here's what you need to know before you choose a plan.
A life insurance policy pays out a lump sum to your nominated family members if something happens to you — so loans, school fees, daily expenses, and long-term goals don't fall apart when income suddenly stops.
The most affordable way to get a large cover amount. No maturity payout if you outlive the term — it's built purely to protect your family.
Covers you for your entire lifetime (often up to age 99 or 100), combining protection with a payout that's certain to happen eventually.
Part of your premium goes toward life cover, and the rest is invested in market-linked funds you can choose and track.
Combines life cover with guaranteed savings — you or your family receive a payout either on maturity or on an unfortunate event, whichever comes first.
Built to generate a steady income stream after retirement, in exchange for premiums paid during your working years.
Designed around specific family milestones — a child's education, marriage, or ensuring the whole family stays covered under one plan.
| Factor | Term | Whole Life | ULIP |
|---|---|---|---|
| Premium Cost | Lowest | Higher | Higher |
| Cover Duration | Fixed term | Whole life | Policy term / whole life |
| Maturity Payout | No (if you outlive term) | Yes, eventually | Yes, market-linked |
| Investment Component | None | Limited (bonuses) | Yes, market-linked |
| Best Suited For | Pure family protection | Legacy / estate planning | Long-term wealth + cover |
Family protection, savings, retirement, or a child's future — we start by understanding what you actually need covered.
Based on your goal, income, and budget, we narrow it down to the plan structure (term, whole life, ULIP, etc.) that fits best.
We help you compare options from trusted insurers so you can make an informed decision — not a rushed one.
We guide you through the application, and remain your point of contact for renewals, claims guidance, and future reviews.
A common starting point is 10–15 times your annual income, adjusted for outstanding loans, dependents, and future goals like children's education. Your ideal number depends on your specific situation — talk to us for a personalised view.
Term insurance covers you for a fixed period at a low premium with no payout if you outlive it. Whole life insurance covers you for your entire life and guarantees a payout eventually, but costs significantly more.
Yes — many people hold a term plan for pure protection alongside a savings-linked plan (endowment or ULIP) for long-term goals. There's no rule against holding multiple policies from different insurers.
Life insurance premiums and payouts can qualify for tax benefits under prevailing Indian tax laws, subject to conditions and limits that can change with each budget. Confirm the current applicable benefit with Recurs Financials or a tax advisor before assuming a specific deduction.
Premiums are based on your age, sum assured, policy term, health condition, lifestyle habits (like smoking), and the plan type you choose. There's no fixed public rate card — insurers calculate this individually.
Talk to Recurs Financials — we'll help you understand your options in plain language, with no pressure to buy on the spot.