Life Insurance · 7 plan types
Life Insurance Plans
Understand the difference between every type of life insurance plan before you buy — coverage, savings, returns, and who each plan suits.
Term Insurance Plans
Pure life cover at the lowest premium — your family receives a lump-sum payout if you pass away during the policy term. No maturity benefit.
Explore plan
Endowment Insurance Plans
Combines life cover with guaranteed savings — pays a lump sum on death or on surviving the full policy term.
Explore plan
Money-Back Insurance Plans
Returns a percentage of the sum assured at regular intervals during the policy term, with full life cover throughout.
Explore plan
Unit Linked Insurance Plans
Part of your premium goes into market-linked funds; part provides life cover. Returns depend on market performance.
Explore plan
Retirement / Pension Insurance Plans
Build a retirement corpus through regular premiums and receive a pension or annuity after the policy term ends.
Explore plan
Child Insurance Plans
Secures your child's financial future — policy continues even if the parent passes away, funding education and milestones.
Explore plan
Group Life Insurance Plans
Employer or association-sponsored cover for a group of people under a single policy — typically lower cost per person.
Explore planQuick Comparison
Which plan does what?
A simplified side-by-side of the five most common life insurance plan types.
| Plan Type | Life Cover | Savings | Market-Linked | Payout |
|---|---|---|---|---|
| Term | ✓ | ✗ | ✗ | On death only |
| Endowment | ✓ | ✓ | ✗ | Death or maturity |
| Money-Back | ✓ | ✓ | ✗ | Periodic + maturity |
| ULIP | ✓ | ✓ | ✓ | Fund value |
| Pension | ✓ | ✓ | Partial | Annuity / pension |
Not sure which life insurance plan suits your family?
Talk to a Wealth Doctor, free — no policy will be sold to you on the call.