Traditional Investment Life Insurance

Life insurance plans combining protection (life cover) with savings/investment component. Provides maturity benefit if you survive policy term along with death benefit during policy term.

Types of Plans:

Endowment Plans

  • Maturity benefit = Sum assured if you survive policy term
  • Death benefit = Sum assured to nominee if you die during term
  • Guaranteed returns component
  • Policy term: 10-30 years
  • Suitable for: Goal-based savings (child education, marriage, retirement)

Money-Back Plans

  • Periodic payouts (e.g., 20% at 5, 10, 15 years) during policy term
  • Balance sum assured paid at maturity
  • Death benefit throughout policy term
  • Liquidity during policy term for planned expenses

Whole Life Plans

  • Life cover up to age 100
  • Maturity benefit at age 100 or death benefit if earlier
  • Wealth creation and protection for very long term
  • Estate planning tool

Unit-Linked Insurance Plans (ULIPs)

  • Life cover + market-linked investment
  • Premium invested in equity/debt funds as per choice
  • Maturity value depends on fund performance
  • Flexibility to switch between funds
  • Lock-in period: 5 years
  • Tax benefits: Premium under Section 80C, maturity under Section 10(10D)

Who Should Purchase:

  • Risk-averse investors wanting guaranteed returns
  • Individuals with life insurance and savings goals
  • Parents saving for child’s future
  • Conservative investors uncomfortable with market risk
  • Long-term disciplined savers

Why Consider?

  • Disciplined long-term savings
  • Guaranteed returns (for non-ULIP plans)
  • Life protection + wealth creation
  • Goal-based financial planning
  • Tax-efficient investment

Coverage Details

Sum Assured: ₹2 lakhs to ₹1 crore+

Policy Term: 10 to 30 years

Premium Payment: Regular (annual, half-yearly, quarterly, monthly) or Limited Pay

  • Dual benefit: Protection + Savings
  • Guaranteed maturity benefit (except ULIPs)
  • Bonuses/reversionary bonuses (for participating plans)
  • Loan facility against policy
  • Tax benefits under Section 80C and 10(10D)

  • Higher premium than pure term insurance
  • Provides maturity benefit (term doesn’t)
  • Lower life cover for same premium compared to term
  • Suitable for those wanting forced savings discipline

what people are saying

Hear what our valued clients have to say about their experience with BP Risk.

Quotes Dark

Excellent service for my family’s health insurance and term plan. They explained everything clearly and helped me choose the right coverage.

Priya Sharma – Retail Client

Quotes Dark

Made buying home insurance so simple. Great support during claim settlement too. Highly recommend for individual insurance needs.

Deepak Verma – Retail Client – Kolkata