Life & Non Life Insurance

Life insurance is the foundation of any financial plan. Its purpose is simple: if you are not around, your family's financial goals should still be. That means the right cover — not the largest policy, and not the one bundled with an investment product you did not ask for.

• Human Life Value (HLV) assessment to size cover against income, liabilities, and dependents' future needs.
• Term insurance prioritised as pure protection — separating insurance from investment decisions.
• Guidance on claim settlement record, policy terms, and exclusions before you commit.

Illness — not death — is the more common financial shock. A single hospitalisation can undo years of saving. Health and critical illness cover protects your income and your corpus through treatment and recovery.

• Health insurance sized for your city's treatment costs, family structure, and existing group cover.
• Critical illness policies that pay a lump sum on diagnosis — replacing lost income during recovery.
• Review of waiting periods, sub-limits, room-rent caps, and pre-existing condition clauses.

Life and health cover protect people. General insurance protects things — your home, vehicle, business, and personal liability. It is the least glamorous part of planning and the one most often overlooked until something goes wrong.

• Home and contents insurance covering structure, belongings, and natural calamities.
• Personal accident cover for disability and loss of earning capacity — distinct from life and health cover.
• Liability protection for business owners and professionals against third-party claims.

No two families have the same gaps in protection. Riders and add-ons let you close the specific ones that matter in your situation — without paying for cover you do not need, and without leaving a critical hole uncovered.

• Rider selection based on your family's real risks — not on what the product brochure pushes.
• Coordination across policies so cover is additive, not overlapping or duplicated.
• Clear cost-benefit view on each rider — some are worth it, many are not.

Most people are either underinsured or over-insured — and both cost money. Adequacy assessment replaces guesswork with a number: what your family actually needs if something happens to you.

• Human Life Value calculation covering income replacement, liabilities, and future goals.
• Gap analysis against existing cover — employer group policies, past purchases, and family arrangements.
• Periodic reassessment as income, family, and liabilities change over time.

Insurance comes with tax benefits — but they should never be the reason you buy a policy. Get the coverage right first; then make sure the tax treatment is being used properly, subject to prevailing tax laws.

• Guidance on available deductions on premiums under the prevailing tax regime.
• Awareness of tax treatment of maturity proceeds, death benefits, and surrenders.
• Coordination with your tax advisor — Nirvesta does not provide tax advice, but we make sure your insurance plan fits what your advisor has structured.

Insurance is not a one-time purchase. Needs shift as you marry, have children, change jobs, buy property, or approach retirement. Policies that made sense five years ago may be misaligned today — and old ones may not reflect current realities at all.

• Periodic review of existing policies against current needs and life-stage changes.
• Identification of lapsed, redundant, or underperforming policies that may be better replaced.
• Forward planning so cover grows with the family — not behind it.