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Sabse Pehle Life Insurance

Why Life Insurance is Sabse Pehle?

So what exactly is Life Insurance? Find out why you need Life Insurance before securing yourself in other ways.

How do I get started?

What do you need to do to get yourself insured? Getting started with Life Insurance has never been easier.

Trending Topics About Life Insurance

Can an NRI or a PIO buy a Life Insurance policy in India?

Can an NRI or a PIO buy a Life Insurance policy in India?

07/09/20
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If you are of Indian origin or a resident living abroad with your family living in India....

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Are there specific policies to plan for my child’s future?

Are there specific policies to plan for my child’s future?

07/09/20
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As a responsible and proud parent, you could only wish the very best for your child. This includes providing everything that your child requires to grow further in life......

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I don’t have a regular income; can I buy Life Insurance?

I don’t have a regular income; can I buy Life Insurance?

07/09/20
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Managing a lifestyle, financial goals, taking care of oneself and the family are tough responsibilities......

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Do I need Life Insurance if I already have Health Insurance?

Do I need Life Insurance if I already have Health Insurance?

07/09/20
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A lot of people feel that they need to have either a Life Insurance plan or Health Insurance.....

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Get Familiar With Life Insurance Terms

Underwriting

Underwriting is the process through which an insurer decides whether to cover and how much to charge.

Find more interesting terms in our Glossary

Premium

Premium is the amount you pay to continue being insured and keep your life insurance plan active. If you are unable to pay your premium before the payment due date and even during the grace period, yo…

Find more interesting terms in our Glossary

Grace period

If you are unable to pay the premium for your policy on time and cross your premium payment due date, the life insurance company gives you an extension of a number of days. This is the ‘Grace Period’.…

Find more interesting terms in our Glossary

Coverage

The life assured passing away could lead to a large financial loss; this amount is generally chosen as the amount of coverage required when buying a life insurance plan. For a life insurance company,…

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Beneficiary

The beneficiary is the person or entity entitled to receive the claim amount and other benefits upon the death of the life assured or on maturity of the policy.

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Commonly Asked Questions

Can I make changes to my Life Insurance policy once I have bought it?

Yes. All insurance companies are prepared for a situation wherein you may wish to make changes to your policy. It could be a change in beneficiaries, the amount of coverage, investment allocations, etc. To begin with, you could start by reviewing your coverage. If you find it lacking, you can either ask your insurer to increase or decrease your protection as the case maybe, or cancel your policy altogether and look for another.

Find more interesting answers in our Commonly Asked Questions

Can I buy a Life Insurance Policy completely online?

The process of buying a Life Insurance policy has been digitized to a very large extent. You can now look through websites, select a policy, sign and upload documents, pay your premiums, settle a claim, etc. online. However, there might be a part of the process that could involve some physical interaction, such as a medical examination. All of this could vary based on the company’s processes and the policy you choose.

Find more interesting answers in our Commonly Asked Questions

Why should I stay invested for the full policy term?

To ensure your family remains protected, you regularly pay a small premium for it. Staying invested for the policy term not only maintains the shield of protection, but it also ensures you get your maturity benefit by the end of it. So, as long as your policy is the most suited one for you, it is always best to stay invested to get the most out of your policy.

Find more interesting answers in our Commonly Asked Questions

What if I don’t pay my premiums on time?

If you are unable to pay your premium on the date it is due, you enter the grace period. The grace period is generally a period of 15 days from the due date; you have to pay your premium within the grace period. In case you do not pay your premium even during the grace period, your policy lapses.

Find more interesting answers in our Commonly Asked Questions

Why ‘Sabse Pehle Life Insurance’?

Sabse Pehle Life Insurance' is India’s first Life Insurance awareness campaign. The Life Insurance Council along with 24 Life Insurance companies, through this campaign aims to educate the Indian audience about the importance of owning a Life Insurance policy.

As adults, we have been always taught to stress on the most essential things first, and then prioritise the rest accordingly. Building up from the same cultural nuance, 'Sabse Pehle Life Insurance' explains to us how buying Life Insurance should be the first step to building a robust financial plan, and therefore should be seen as a fundamental requirement in our lives.

Why do I need Life Insurance?

A Life Insurance policy ensures that your family is financially secured in the event of something unfortunate happening to you. A policyholder gets into a contract with the insurance company wherein the company agrees to pay a large sum of money to the policyholder’s family on the event of the life insured passing away. The policyholder pays premium to the insurance company in exchange.

Buying Life Insurance has the following benefits:
  • It offers financial security to your loved ones and protects them from financial burden
  • Takes care of life goals such as child’s higher education, marriage, etc.
  • It helps save on tax, as premiums paid towards a Life Insurance policy is eligible for tax deduction under Section 80C up to a limit of Rs.1.5 lakh
What led to the ‘Sabse Pehle Life Insurance’ campaign?

Simply put, a lot of people buy Life Insurance to save on taxes little knowing Life Insurance is capable of securing the lives and dreams of their loved ones. Even though there is a considerable amount of people with Life Insurance policies, understanding the real purpose of needing a Life Insurance policy is low.

It's important for everyone to know that Life Insurance is in fact the only financial instrument that provides protection to families in unfortunate eventualities.

The ‘Sabse Pehle Life Insurance’ campaign is thus a simple initiative to stress on the importance of buying a Life Insurance policy.