Life Insurance Services


What is Life Insurance and How we help you with Life Insurance (Services) Tax Free

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.

Wiseowlglobal helps you to choose life insurance based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, while permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free

Life insurance is the best way to secure your family dependent against financial contingencies that may arise post the unfortunate of your untimely demise. Life insurance is a contract between an individual with an insurable interest and a life insurance company to transfer the financial risk of a premature death to the insurer in exchange for a specified amount of premium. The three main components of the life insurance contract are a death benefit, a premium payment and, in the case of permanent life insurance, a cash value account.

Following are the Life Insurance Policy Types

  1. Term Insurance
  2. Endowment Policy
  3. ULIP - Unit Linked Insurance Plan
  4. Money Back Life Insurance
  5. Whole Life Insurance

Term Insurance Plan Key Features

  • • Security for your family at an affordable premium.
  • • Easy and seamless online process for securing life cover.
  • • Rewards you for maintaining a healthy lifestyle.
  • • Rewards you for maintaining a healthy lifestyle.
  • • Additional benefit of Accidental Death Benefit.Tax benefits# u/s 80C and 10(10D) of Income Tax Law, 1961.

Endowment Plan Key Features

  • • The minimum and maximum entry ages for this plan are 8 years and 55 years respectively.
  • • There is no limit on the maximum sum assured and the minim sum assured is Rs 1 lakh.
  • • The plan comes with tenures ranging from 12 years to 35 years.
  • • The premiums can be paid every month, quarter, 6 months or every year.
    • What is ULIP - Unit Linked Insurance Plan

      In Unit Linked Insurance Plan ( ULIP), a portion of the premium goes towards providing the life cover, while the residual portion is invested in equities and debts. The investment portion in ULIP is subject to market volatility. Investing in ULIP inculcates regular saving habit in a person, which is imperative for the creation of wealth. A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure insurance policy, gives investors both insurance and investment under a single integrated plan.

      Money Back Life Insurance

      It offers periodical payment of partial survival benefits during the tenure of the policy as long as the policyholder is alive. In the event of death of the insured, the insurance company pays the full sum assured along with survival benefits. A money back policy is a more complex life insurance policy than a term plan or a standard life insurance cover that pays the sum assured to the insured party on maturity. It provides certain amounts called survival benefits in addition to the sum assured and a bonus from the insurance company based on its performance

      Money Back Plan for a tenure of 20 years

      1. • 20% of Sum Assured is paid at the end of 5th, 10th and 15th Year as Survival Benefit
      2. • Simple Reversionary Bonus is payable on maturity or earlier death
      3. • Large Sum Assured is available in this plan
      4. • LIC’s Accidental Death and Disability Benefit Rider is available

      Whole Life Insurance

      Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called "straight life" or "ordinary life," is a life insurancepolicy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.

      • • It is a Whole Life Plan with Bonus Facility
      • • In this Plan, there is life cover of double Sum Assured along with vested reversionary bonuses, if any, during the premium paying term
      • • This plan also offers regular bonus additions declared at the end of each financial year
      • • At the end of the Premium Paying Term, there is a Savings Benefit of Sum Assured + vested reversionary bonuses and terminal bonus, if any that is paid to the policyholder
      • • There are 3 additional riders in this plan – Accident and Disability Benefit Rider, Critical Illness Rider and an Income Benefit Rider
      • • This policy offers Large Sum Assured discount

      To explore more about life insurance contact us here

Our Services:

Health Insurance Services

Wiseowlglobal is a health insurance advisor provides health insurance services. Health insurance covers the possibility of high medical expenses.It will be your backbone when or if your medical bills suddenly rise.

General insurance Services

General insurance covers insurance of property against fire, burglary, theft; personal insurance covering health, travel and accidents; and liability insurance covering legal liabilities.This category of insurance virtually covers.

Home Insurance Services

Home is often the most treasured possession of an individual and also the largest financial investments one makes in life. Safeguarding the physical structure and contents of home seems like a logical thing to do.


Motor Insurance Services

Motor insurance covers all damages and liability to a vehicle against various on-road and off-road emergencies. A comprehensive policy even secures against damage caused by natural and man-made calamities, including acts of terrorism.

Travel Insurance Services

International travel, whether on vacation or business, can turn into a nightmare if one experiences contingencies like loss of baggage, loss of passport, delay in flight, medical emergency etc.

Marine (Cargo) Insurance Services

Business involves the import and export of goods, within national borders and across international borders. Movement of goods is fraught with risk of mishaps which can result in damage and/or destruction of shipments.