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Non-Term Insurance

Financial Protection with Savings & Investment Benefits

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    What is Non-Term Insurance?

    Non-term insurance refers to life insurance policies that combine life cover with savings or investment components. These plans not only provide financial security to your loved ones in case of your unfortunate demise but also help you accumulate wealth over time.
    Unlike term insurance, which offers pure risk protection, non-term policies include maturity benefits, allowing you to enjoy returns on the premiums you pay. Examples of non-term insurance include endowment plans, whole life insurance, and ULIPs (Unit Linked Insurance Plans).

    Why should you buy
    Key Benefits of Non-Term Insurance

    Non-term insurance offers a combination of life protection and financial growth. These plans provide a safety net for your family in the event of your passing, while also acting as a savings or investment tool. The maturity benefits, tax advantages, and optional riders make it an attractive option for those seeking both security and returns on their investments.

    Life Cover with Investment/Savings Benefits

    Non-term insurance policies provide the dual benefit of life cover and investment or savings, ensuring that your family is protected while your wealth grows over time.

    Maturity Benefits

    Unlike term insurance, non-term insurance offers a payout at the end of the policy tenure, providing you with a lump sum that can be used for long-term goals like retirement, education, or travel.

    Wealth Accumulation

    Non-term insurance policies help in building a financial corpus over the years, allowing you to use the maturity amount for fulfilling future aspirations or as a retirement fund.

    Tax Benefits

    Enjoy tax deductions on the premiums paid under Section 80C of the Income Tax Act. Additionally, the maturity benefits and payouts are tax-exempt under Section 10(10D), ensuring maximum returns.

    Long-Term Financial Planning

    These policies are designed for long-term financial planning, offering coverage for several years and ensuring that both life protection and wealth creation are achieved.

    Flexible Premium Payment Options

    Non-term insurance allows you to choose between regular, limited, or single premium payment options, giving you the flexibility to plan your financial commitments as per your convenience.

    Optional Riders for Additional Coverage

    You can enhance your policy with additional riders such as critical illness cover, accidental death benefit, or waiver of premium, providing extra protection based on your individual needs.

    Guaranteed Returns or Market-Linked Growth

    Depending on the type of non-term policy (e.g., ULIPs or endowment plans), you can benefit from guaranteed returns or enjoy market-linked growth, maximizing your investment potential.

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    What Our Customers
    Are Saying

    Neha M. Bengaluru

    "I chose non-term insurance for its investment benefits. Instant Beema helped me pick a policy that fits my financial goals perfectly!"

    Rakesh P. Kolkata

    "With Instant Beema’s non-term insurance plan, I not only secured my family’s future but also built a significant savings corpus."

    Anjali S. Chennai

    "Instant Beema provided great advice on non-term insurance. Now, I have both life cover and savings for my children’s education."

    Vijay K. Jaipur

    "The investment benefits of non-term insurance through Instant Beema have given me peace of mind, knowing my family’s future is secured along with my financial growth."

    Frequently Asked Questions
    About Insurance

    Term insurance offers pure life cover with no maturity benefits, while non-term insurance combines life cover with savings or investment returns, offering a maturity payout.
    Yes, certain non-term insurance policies like ULIPs allow partial withdrawals after a lock-in period, providing liquidity when needed.
    If you outlive the policy term, non-term insurance provides a maturity benefit, which includes the sum assured along with any accrued bonuses or investment returns.
    Non-term insurance premiums are generally higher than term insurance due to the savings or investment component. Premiums depend on factors like age, coverage amount, and policy type.
    Yes, most ULIPs allow you to switch between different fund options (e.g., equity, debt) based on your risk tolerance and market conditions, offering flexibility in investment management.