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+91 98110 68297, +91 98736 88297
support@activebima.com
Follow the Activebimacare channel
on WhatsApp
Ballabgarh, Faridabad (Haryana) - 121004
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Life Insurance

Life is unpredictable, and you may not always be there to support your family. An insurance plan ensures their financial stability in your absence. It helps cover daily expenses, education, debts, and future goals without burden. Beyond protection, it offers peace of mind and financial discipline. Whether it’s life or health insurance, the right plan safeguards your loved ones and secures their future. Investing in insurance today is a responsible step toward protecting what matters most—your family and their dreams.

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Happy Family

Secure Your Family’s Future

Life is uncertain, and you may not always be there to care for your family. That’s where an insurance plan comes in—it ensures your family’s financial safety, even in your absence. Whether it's daily expenses or major life goals, insurance keeps everything on track.

Beyond protection, insurance brings peace of mind. It supports children's education, repays debts, and provides a stable lifestyle for your loved ones. With the right plan, you turn your earnings today into security for tomorrow. Don’t wait—invest in your family’s future now.

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    Insurance Mobile Section
    Happy Family

    Secure Your Family’s Future

    Life is uncertain, and you may not always be there to care for your family. That’s where an insurance plan comes in—it ensures your family’s financial safety, even in your absence.

    Beyond protection, insurance brings peace of mind. It supports children's education, repays debts, and provides a stable lifestyle for your loved ones. Invest in your family’s future today.

    Speak with an Agent







      Benefits of Life Insurance

      Benefits of Life Insurance

      Life insurance offers a range of benefits that protect you and your family financially in uncertain times.

      Financial Protection
      Provides a safety net for your family in case of your untimely demise, covering daily expenses and future goals.
      Supports Education
      Ensures uninterrupted education for your children by covering school and college fees.
      Wealth Creation
      Some plans help you grow your wealth over time through guaranteed returns or market-linked options.
      Health Benefits
      Add-on riders can offer critical illness cover and hospitalization support for better health coverage.
      Retirement Planning
      Insurance helps build a secure post-retirement life by offering pension or annuity benefits.
      Tax Benefits
      Enjoy tax savings under Section 80C and 10(10D) of the Income Tax Act with eligible plans.
      Types of <span style="color:#fff;">Life Insurance</span>

      Types of Life Insurance

      Explore the various life insurance options available to suit your protection, investment, and legacy needs.

      Term Insurance
      Pure protection plan offering high coverage at low premiums for a fixed term period.
      Endowment Plan
      Combination of life cover and savings, offering maturity benefit if policyholder survives the term.
      ULIP
      Investment and insurance in one; invest in market funds while enjoying life cover benefits.
      Whole Life Plan
      Provides life-long protection (up to 99 or 100 years) along with savings and bonus features.
      Child Insurance
      Helps you build a secure financial future for your child’s education and life goals.
      Money Back Plan
      Offers periodic returns during the policy term along with life cover and maturity benefits.
      Life Insurance FAQ

      Life Insurance FAQs

      Life insurance is a crucial financial planning tool that provides security for your loved ones. Here, we answer some of the most common questions about it.

      1. Basics of Life Insurance
      Q1: What is life insurance?
      Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the "death benefit") upon the death of the insured person, in exchange for regular premium payments.
      Q2: Why do I need life insurance?
      Life insurance provides financial security for your dependents in the event of your untimely death. It helps cover living expenses, debts, education, and other future needs.
      Q3: How much life insurance do I need?
      It depends on income, debts, number of dependents, and future goals. A common rule is 10–15 times your annual income.
      Q4: Who should I name as my beneficiary?
      You can name anyone—usually spouse, children, or parents. You may also split benefits among multiple beneficiaries.
      Q5: What is the difference between the "policyholder," "insured," and "beneficiary"?
      Policyholder owns the policy and pays premiums, insured is the person covered, and the beneficiary receives the death benefit.
      2. Types of Life Insurance
      Q6: What are the main types of life insurance?
      Term Life (for a set duration) and Whole Life (lifetime coverage with cash value).
      Q7: What is "cash value" in a whole life policy?
      A savings component that grows tax-deferred and can be accessed via loans or withdrawals.
      Q8: What is the difference between a participating and non-participating policy?
      Participating policies may pay dividends; non-participating policies offer fixed benefits and no dividends.
      3. Getting a Policy & Premiums
      Q9: How are life insurance premiums calculated?
      Based on age, health, lifestyle, gender, policy type, term, and coverage amount.
      Q10: What is underwriting?
      Underwriting is the risk assessment process by the insurer to determine premium and coverage eligibility.
      Q11: Do I need a medical exam to get life insurance?
      Some policies require medical exams; others offer no-exam options with higher premiums or limited coverage.
      Q12: Can I get life insurance if I have a pre-existing medical condition?
      Yes, though it may involve higher premiums or exclusions depending on the condition and insurer policies.
      Q13: What happens if I stop paying premiums?
      The policy may lapse. For whole life plans, accumulated cash value might cover missed premiums temporarily.
      4. Policy Management & Claims
      Q14: Can I change my coverage amount after purchasing a policy?
      Some policies allow changes through riders or conversions; increases usually require new underwriting.
      Q15: What is a "rider" or "add-on"?
      Riders are additional provisions like critical illness, accidental death, or waiver of premium for added benefits.
      Q16: Is the death benefit taxable?
      Generally, no. In India, death benefits are exempt under Section 10(10D) of the Income Tax Act, with conditions.
      Q17: How do beneficiaries make a claim?
      Submit death certificate, original policy, claim form, and ID/address proof to the insurer for processing.
      Q18: How long does it take for a claim to be paid?
      Insurers must settle claims within 30 days; if an investigation is needed, within 90 days per IRDAI rules.
      Q19: What if the insured dies shortly after purchasing the policy?
      Suicide clauses apply (usually 1 year); otherwise, valid claims are honored if information was truthfully provided.
      5. Other Considerations
      Q20: Can I take a loan against my life insurance policy?
      Only on policies with cash value like whole life insurance. Term plans do not support loans.
      Q21: What is the "free look period"?
      15–30 days from receiving the policy to review and cancel it for a refund (minus applicable charges).
      Q22: Is life insurance an investment?
      Primarily for protection. While whole life offers investment-like features, term plans are pure protection tools.

      Documents Required

      • Age Proof: Birth Certificate, Marksheet, Driving License, Passport
      • Identity Proof: Aadhar, PAN, Passport, Voter ID
      • Address Proof: Utility Bills, Ration Card, Driving License
      • Income Proof: Salary slip, IT returns, or income certificate
      • Proposal Form: Duly filled and signed proposal form
      • Medical Tests: If required by the insurer
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      Connect With Us

      For personalized advice or to get a quote, please contact our insurance advisors.