Protecting your life, health, and assets with comprehensive coverage tailored for Indian families. Regulated by IRDAI.
In India, rising medical inflation and life uncertainties make insurance the foundation of any financial plan. It is not an investment, but a shield that protects your wealth from eroding during emergencies.
Pure Term Plans for high coverage at low premiums. Ensure your family's lifestyle is secure.
Comprehensive Mediclaim policies covering hospitalization, pre/post care, and critical illnesses.
Motor, Home, and Travel insurance to protect your physical assets against damages.
The true test of insurance is at the time of claim. We stand by you when you need it most.
Assistance in preparing and organizing all necessary medical/legal documents.
Handling the TPA/Insurer coordination and submission process.
Regular tracking until the claim amount is credited to your bank account.
| Feature | Term Insurance | Endowment | ULIP |
|---|---|---|---|
| Primary purpose | Pure life cover, no savings component | Life cover plus a guaranteed savings component | Life cover plus a market-linked investment component |
| Premium, for the same cover | Lowest | Higher, part goes to savings | Higher, part goes to market-linked investment |
| Best suited for | Maximizing pure protection at the lowest cost | Investors who want disciplined, guaranteed long-term savings tied to insurance | Investors comfortable with market-linked risk who want insurance and equity/debt exposure combined |
| Typical view among advisors | Usually the most efficient way to buy pure protection | Often costlier than buying term insurance and a separate investment product | Same efficiency question as endowment — compare against buying term plus a separate mutual fund investment |
Tax treatment differs between premium deductions and policy proceeds, and the deductions depend on the income-tax regime selected.
Eligible life insurance premiums fall within the overall ₹1.5 lakh Section 80C cap. This deduction is available only under the old tax regime, not the new tax regime, which is now the default.
The deduction is ₹25,000 for self and family, plus an additional ₹25,000 for parents—or ₹50,000 for parents if they are senior citizens. Section 80D is also available only under the old tax regime.
Maturity or death-benefit proceeds are generally tax-exempt under Section 10(10D), subject to the conditions prescribed for the policy.
An important exception applies to ULIPs issued on or after 1 February 2021 where annual premium exceeds ₹2.5 lakh. The Section 10(10D) exemption does not apply to maturity proceeds from those policies, and the maturity gains are instead taxed as capital gains.
Money n Wealth can help separate protection needs from investment goals, compare policy structures and exclusions, and tailor life and health coverage to the family's actual financial risks.
Don't leave your family's future to chance. Get a comprehensive insurance review today.
Is it right for you?
Our process
We calculate how much life and health cover your family actually needs based on income, loans and goals.
Compare premiums, claim-settlement record, waiting periods, exclusions and riders side by side.
We help you fill proposal forms accurately — the most common reason claims get rejected is non-disclosure.
When a claim arises, our team helps your family with documentation and follow-up with the insurer.
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Learn moreFree, no-obligation consultation with the Money n Wealth team in Thergaon, Pune — or online from anywhere in India. Leave your number and we'll call you back within one working day.
Money n Wealth is a brand of Predics Fintech Services Pvt Ltd — AMFI-registered Mutual Fund Distributor (ARN-121995) and APMI-registered PMS Distributor (APRN-07444). We are not a SEBI-registered Investment Adviser or Research Analyst; content on this page is for information and education. Mutual fund, SIF, PMS and AIF investments are subject to market risks — read all scheme and offer documents carefully before investing.