Button Or Button
Request A Call

Life Insurance

Life insurance policies are designed to provide financial security to your dependents in case of your unfortunate demise. They can also serve as a savings or investment tool.

  • Term Life Insurance
  • Whole Life Insurance
  • Endowment Plans
  • Unit Linked Insurance Plans (ULIPs)

Key Types of Life Insurance:

1. Term Life Insurance:

Purpose:  Pure protection plan. Provides a lump sum payout (sum assured) to your beneficiaries if you pass away within a specified “term” (e.g., 10, 20, 30 years).

Features:

  • Most affordable type of life insurance.
  • No maturity benefit if you survive the term (unless it's a "Term with Return of Premium" plan, where premiums are refunded).
  • Ideal for those seeking high coverage at low premiums to protect their family's financial future.
2. Whole Life Insurance:
Purpose:  Provides coverage for your entire life (typically up to 99 or 100 years of age).

Features:

  • Includes a savings component (cash value) that grows over time.
  • You can often borrow against or withdraw from the cash value.
  • Pays out a death benefit to nominees upon your demise, or a maturity benefit if you survive to the specified age.
  • Premiums are generally higher than term insurance.
3. Endowment Plans:
Purpose:  Combines life insurance coverage with a savings component.
Features:
  • Provides a lump sum payout upon maturity (if you survive the policy term) or a death benefit to beneficiaries if you pass away during the term.
  • Offers guaranteed returns, making it a disciplined savings option.
  • Premiums are higher than term plans.
2. Unit Linked Insurance Plans (ULIPs):
Purpose:  Offers a dual benefit of life insurance coverage and investment.

Features:

  • A portion of your premium goes towards life cover, and the rest is invested in various market-linked funds (equity, debt, or hybrid) as per your choice and risk appetite.
  • Returns are market-linked and fluctuate based on fund performance.
  • Comes with a mandatory 5-year lock-in period.
  • Allows for fund switching to manage your investment.
5. Money Back Policy:
Purpose:  Provides periodic payouts (survival benefits) at regular intervals during the policy term, along with life cover.
Features:
  • Offers liquidity as you receive money periodically.
  • The full sum assured is paid to beneficiaries in case of death during the policy term, regardless of the survival benefits already paid.
  • Remaining sum assured (if any) and bonuses are paid at maturity.
2. Child Plans:
Purpose:  Specifically designed to secure your child’s financial future, especially for key milestones like higher education or marriage.

Features:

  • Combines savings and insurance.
  • Often includes a "waiver of premium" benefit, meaning if the parent (policyholder) passes away, the insurer continues to pay the premiums, and the child still receives the maturity benefits.
7.Retirement Plans (Pension Plans/Annuity Plans):*
Purpose:  Designed to build a corpus for your retirement needs and provide a regular income after retirement.
Features:
  • You pay premiums during your working years, and upon retirement, you receive regular payouts (annuities) for a specified period or for life.
  • Can be immediate annuity (payouts start immediately) or deferred annuity (payouts start after a few years).

Here to Help

Get a Quote to Begin Your Financial Journey

Insurance

    Mutual Funds

      Stocks

        Loans

          Real Estate

            At TP Services, we are dedicated to offering cost-effective solutions that deliver exceptional value without compromising quality.

            Our Services

            Contact Us

            Facebook Linkedin Instagram Youtube Twitter

            Address

            • Registered Office:# 591, Krishna Enclave, Block-D, Dhakoli, Zirakpur, SAS Nagar (Mohali) 140603
            • Branch Office: Office No 17, 3rd Floor, Sushma Infinium, Adjoining Best Price, Chandigarh - Delhi NH, Zirakpur, SAS Nagar (Mohali) Punjab 140603

            Copyright © 2025 TPS. All rights reserved. Design by

            At TP Services, we are dedicated to offering cost-effective solutions that deliver exceptional value without compromising quality.

            Our Services

            • Insurance
            • Mutual Funds
            • Stocks
            • Loans
            • Real Estate

            Contact Us

            Facebook Linkedin Instagram Youtube Twitter

            Address

            • Registered Office:# 591, Krishna Enclave, Block-D, Dhakoli, Zirakpur, SAS Nagar (Mohali) 140603
            • Branch Office: Office No 17, 3rd Floor, Sushma Infinium, Adjoining Best Price, Chandigarh - Delhi NH, Zirakpur, SAS Nagar (Mohali) Punjab 140603

            Copyright © 2024 TPS. All rights reserved. Design by

            At TP Services, we are dedicated to offering cost-effective solutions that deliver exceptional value without compromising quality.

            Our Services

            Contact Us

            Facebook Twitter Youtube

            Address

            • Registered Office:# 591, Krishna Enclave, Block-D, Dhakoli, Zirakpur, SAS Nagar (Mohali) 140603
            • Branch Office: Office No 17, 3rd Floor, Sushma Infinium, Adjoining Best Price, Chandigarh - Delhi NH, Zirakpur, SAS Nagar (Mohali) Punjab 140603
            Copyright © 2024 TPS. All rights reserved. Design by