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Home › ParasMoney Financial Services™ › Life Insurance
🛡️ Life Insurance

Life Insurance in Bhagalpur

Term plan, child plan, pension and savings plan — the right cover for your family's protection.

Life Insurance — complete information

The purpose of life insurance is that your family's income and dreams continue even when you are not there. We first calculate how much cover your family needs, then support you at every step — choosing a plan to suit your needs, filling the form, and up to the claim.

Life insurance protects your family income if something happens to you. The right cover depends on your income, loans, children and goals — not on what a sales person wants to sell. We first calculate how much cover your family really needs (Human Life Value), then compare suitable plans and help you through proposal, medicals and claims.

Which plans we help with

  • Term Insurance — big cover at low premium
  • Child Plan — education and marriage goals
  • Pension / Retirement Plan
  • Savings / Endowment Plan
  • ULIP — insurance + investment (understand the risks)
  • Review of old policies and claim support

Required documents

  • Aadhaar and PAN
  • Passport-size photo
  • Proof of income (salary slip / ITR)
  • Bank passbook or cancelled cheque
  • Nominee details

Process — how it works

  1. Needs discussion (free call)
  2. Cover calculation — HLV
  3. Comparing and choosing plans
  4. Proposal, medical and policy issues
  5. Review and claim support every year

Frequently Asked Questions

How much life cover should you take?

Generally 10–15 times your annual income, plus the total of all loans. The right amount depends on your age, dependents and goals — we calculate and tell you for free.

What is the difference between a term plan and a savings plan?

A term plan has a lower premium and a bigger cover, but pays nothing at maturity. A savings plan pays at maturity but has a smaller cover. For most families, adequate term cover comes first.

Will you help with the claim?

Yes. From preparing the claim documents to follow-up with the company, we stay with the family.

Insurance is the subject matter of solicitation. Read the sales brochure and policy wording carefully before buying a policy.

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