Life Insurance Assistance
Explore protection options designed around your family’s financial needs — cover amount, plan type, riders and nomination, explained without pressure.
Life insurance is about the people who depend on your income
The purpose of life cover is simple: if your income stops, the family’s plans should not. That makes the amount and the duration of cover more important than the brand of the brochure.
CoverBima helps you work through the arithmetic — loans, future goals, current expenses and existing cover — and then explains the difference between pure protection and plans that combine insurance with savings, so you can decide what suits you.
Riders That Extend Cover
Riders add protection for specific events at an extra premium — each with its own definitions and limits.
Accidental death benefit
An additional amount if death results from an accident, as per the rider conditions.
Critical illness
A lump sum on diagnosis of a listed condition, subject to definitions and a survival period.
Waiver of premium
Future premiums waived if the policyholder is disabled or diagnosed with a listed illness.
Accidental disability
Cover for total and permanent disability caused by an accident.
Term, savings and investment-linked plans
| Feature | Term plan | Endowment / money-back | ULIP |
|---|---|---|---|
| Primary purpose | Protection | Protection with guaranteed savings | Protection with market-linked investment |
| Premium for the same cover | Lowest | Higher | Higher |
| Maturity benefit | Usually none (unless a return-of-premium variant) | Sum assured plus bonuses, as per plan | Fund value, subject to charges and market performance |
| Market risk | Not applicable | Borne by insurer (guaranteed benefits as per plan) | Generally borne by the policyholder |
A simple cover calculation
Start with income
Multiply annual income by 10 to 15, as a working range.
Add what you owe
Outstanding home, vehicle and personal loans, plus any other liabilities.
Add future obligations
Children’s education and marriage, parents’ care, and major planned expenses.
Subtract what already exists
Employer group life cover, savings, investments and existing policies.
Check affordability and term
The premium should be sustainable for the full term of the policy.
Keep nomination current
- Name a nominee at purchase, with the correct relationship and share
- Update after marriage, a birth, a separation or a death in the family
- Keep the policy document where your family can find it
- Tell one person in the family which policies exist and who to contact
Life Insurance FAQs
Questions we are asked about life cover and claims.
How Much Cover Does Your Family Need?
Let’s work it out properly.
A short conversation about your income, loans and goals is usually enough to arrive at a sensible cover range.
Straight Answers.