Gujral insurance and investment corporation

Life Insurance

Securing Your Family's Future

Life insurance is a crucial financial tool designed to provide financial security to your loved ones in the event of your untimely demise. It ensures that your family is protected and can maintain their standard of living even when you're not around. Life insurance can help cover various expenses such as mortgage payments, education costs, and daily living expenses. By having a life insurance policy, you're ensuring peace of mind, knowing that your family's financial future is safeguarded. GIICorp, helps you to provide financial security to your family, by bringing to you the best insurance plans in the market.

There are several types of life insurance policies available, each catering to different needs and preferences.

Term Life Insurance

The most important life insurance product is term life insurance, which provides Life Risk coverage for a specified period, Individual can choose till which age does he wants to be covered. coverage can be opted till 100 years . It's the most affordable option and is ideal for those seeking coverage for a specific period. In this the claim is paid only in the event of death, during the tenure of the policy. The client has a option to choode the premium payment terms also they can choose from single/limited/regular option.

There are various add on or combinations available in the term insurance like:

Return of Premium: In this case the client can take refund of all the premium paid at end of policy term or completion of 25years of policy term.

Riders: Client can choose from various riders like: Accidental Death Benefit, Accidental Disability Benefit, Critical illness cover and Hospi-Cash.

MWP: Married Women Protection act this helps to secure the term insurance claim money from being linked to any kind of liabilities. This money can only be used by the spouse of the insured only.

Term+ULIP: Client can also choose a option of TERM + ULIP this is the best combination because this combo helps you to secure RISK OF DYING TO EARLY AND RISK OF LIVING TOO LONG.

For more details you can contact us.

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Endowment / Savings plans

These are another type of life insurance that not only offer life coverage but also help you save for future financial goals. These plans combine the benefits of insurance and savings, ensuring that you build a corpus over time while keeping your family protected. Here the claim is paid on the event of death during the policy tenure or when the policy matures.

There are 4 types of saving plans:

Lump Sum Maturity: In this case the money is returned on the date of maturity and after that the policy is over.
Money Back Plans: In these plans the money is returned in regular intervals before the final maturity.
Regular Income plans: In these plans the client receives regular income from the choice of date (income start can chose from 3 days from policy start to 18 years after the policy starts), Client receives regular income till the policy maturity and also receives maturity sum on end of income term.
Children Plan: These plans are best for child future planning as in case of the Insured not being there these plans have a feature of Policy continuation benefit which helps to achieve the financial goals even if the Parent is no more.

Unit Linked Insurance Plans (ULIPs)

ULIPs: These plans offer you exposure of the equity market along with insurance cover. These are best for people with higher risk appetite and people looking for higher return. Returns in these plans are subject to market risk. These plans offer a liquidity right after completion of 5 policy year. Flexibility of partial and full withdrawal is also provided.

Pension plans

Also known as retirement plans, are designed to provide financial security during your retirement years. These plans require you to pay premiums during your working years, which then accumulate and provide you with a steady income after retirement. Pension plans ensure that you have a stable and secure financial future when you no longer have a regular source of income. You can also invest in a lumpsum at retirement and get pension for it as long as you live.

Choosing the right type of life insurance depends on your financial goals, budget, your age and the needs of your beneficiaries. Each type of policy has its unique advantages, at GIICorp, we understand your requirements and select a plan best suited for you. We have products of several Life Insurance Companies in the market, which you can choose from.

General Insurance

Comprehensive Protection for Everyday Risks

General insurance provides coverage for non-life assets, protecting you from financial losses due to unexpected events. This includes health, motor vehicles, home, travel, and more. With general insurance, you can safeguard your valuables and ensure peace of mind. Whether it's covering medical expenses, repairing a car, or compensating for travel mishaps, general insurance mitigates financial risks and provides essential protection for everyday needs. GIICorp provides you the best plans across the industry, securing your financial future against unforeseen circumstances.

Jewellers block insurance

Jewellers Block Insurance is designed specifically for businesses involved in the jewellery trade. It provides comprehensive coverage for a variety of risks including theft, damage, and loss. This insurance ensures that jewellers can operate with peace of mind, knowing their assets are protected

Types of Coverage:

Stock Coverage:Covers loss or damage to stock including jewellery, precious stones, and metals.
Transit Coverage:Protection for goods while in transit to and from the business premises.
Exhibition Coverage:Coverage for items displayed at exhibitions or trade shows.
Cash in Safe Coverage:Covers loss of cash kept in a safe within the business premises.

Motor Vehicle Insurance

Ensuring Your Ride is Protected

Motor vehicle insurance offers financial protection against damages and losses related to your car or motorcycle. It covers costs from accidents, theft, and third-party liabilities, ensuring you can drive with confidence and peace of mind. Having motor vehicle insurance is essential for safeguarding your vehicle and complying with legal requirements.

Health Insurance

Your Shield Against Medical Expenses

Health insurance also known as Medical Insurance, provides financial coverage for medical expenses. It ensures that you have access to quality healthcare without worrying about high costs. It covers hospital bills, doctor visits, prescription medications, and preventive care, offering peace of mind in times of illness or injury. By investing in health insurance, you can protect your health and your finances, ensuring you get the care you need when you need it.

Travel Insurance

Peace of Mind on Your Journeys

Travel insurance protects you from unexpected expenses and disruptions during your trips. It covers a range of situations, including medical emergencies, trip cancellations, lost luggage, and travel delays. With travel insurance, you can explore the world with confidence, knowing you're safeguarded against unforeseen events that could impact your travel plans.

Fire Insurance

Protecting Your Property from Fire Hazards

Fire insurance provides financial protection for your property against damages caused by fire. It covers the cost of repairing or rebuilding your home, office, or other insured assets, as well as replacing damaged belongings. With fire insurance, you can ensure that you won't face significant financial losses in the event of a fire, giving you peace of mind and security for your valuable property.

Household Insurance

Protecting Your Home and Belongings

Household insurance provides comprehensive coverage for your home and personal belongings against various risks. It typically includes protection against damages from fire, theft, vandalism, and natural disasters. By investing in household insurance, you secure peace of mind knowing that your home and possessions are safeguarded against unexpected events, allowing enjoying your living space without worrying about potential risks.

Credit Liability Insurance

Safeguarding Your Financial Transactions

Credit liability insurance protects businesses from losses incurred due to default on credit extended to customers. It covers the risk of non-payment by customers, ensuring that businesses can manage their credit risks effectively. This insurance provides financial security by reimbursing losses arising from unpaid debts, helping businesses maintain stable cash flow and financial health.

Goods in Transit Insurance

Securing Your Cargo During Transportation

Goods in transit insurance provides coverage for goods being transported by various modes, such as road, rail, sea, or air. It protects against risks like theft, damage, or loss during transit. This insurance ensures that businesses and individuals can recover the value of their goods if they are damaged or lost during transportation. It offers peace of mind and financial protection throughout the logistics chain.

Warranty Insurance

Extending Protection Beyond Manufacturer's Warranty

Warranty insurance provides coverage for repair or replacement costs of covered items beyond the manufacturer's warranty period. It offers peace of mind by safeguarding against unexpected repair expenses, ensuring that you can continue to enjoy your purchased goods without worrying about potential defects or malfunctions. Warranty insurance is particularly beneficial for costly items like electronics, appliances, and vehicles, offering extended protection and financial security beyond the initial warranty period.

Save Tax investing through your Business

We provide you a comprehensive solution to save tax through your business. Benefits of these kind of investments:

Company can pay Insurance and Investment Premium through company and insure their key employees.
All premiums paid are booked as an expense under section 37(a)
Provision of assigning the policy is there.
All Death benefits received are tax free if paid as EX Gracia to insured family.
You can buy Term Plans, Annuity Plans, Guaranteed Plans, ULIPs.

Insurance

Life Insurance

Term Life Insurance

Endowment / Savings plans

Unit Linked Insurance Plans (ULIPs)

Pension plans

General Insurance

Jewellers block insurance

Motor Vehicle Insurance

Health Insurance

Travel Insurance

Fire Insurance

Household Insurance

Credit Liability Insurance

Goods in Transit Insurance

Warranty Insurance

Save Tax investing through your Business

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