Protect Your Family's Financial Future
Understand life and term insurance options with clear guidance on cover, nominees and premiums.
Understanding Life Insurance
What is life insurance?
Life insurance is a contract where the insurer pays a sum assured to the nominee if the life insured passes away during the policy term, in exchange for premiums.
Why consider it?
To help your family manage living expenses, loans and future goals in your absence.
Policyholder, life insured and nominee
The policyholder owns the policy and pays premiums, the life insured is the person covered, and the nominee receives the benefit.
Term vs other life plans
Term insurance offers pure protection for a fixed period. Other plans may combine protection with savings, depending on the product.
Key Features & Plan Types
Availability of each option is subject to insurer and policy terms.
Term insurance
Pure life cover for a chosen term, generally at lower premiums than savings-linked plans.
Family protection
Support for dependants' living costs and goals.
Loan protection
Cover that can help family manage outstanding loans.
Savings-linked plans
Options combining cover with savings, as per product terms.
Riders
Optional add-ons like accidental or critical illness cover, where offered.
Nominee planning
Guidance on choosing and updating nominees.
Typical Eligibility
Factors usually considered:
- Age of the life insured
- Sum assured and policy term
- Health and medical history
- Lifestyle habits such as smoking
- Income and occupation
- Plan type and riders selected
Eligibility, coverage and premiums may vary depending on the insurer, plan selected, applicant profile, health or asset details and other applicable factors.
Documents Typically Required
Basic KYC
- Identity proof (Aadhaar, passport, voter ID, etc.)
- Address proof
- PAN card
- Recent passport-size photographs
Income & other
- Income proof for higher cover (salary slips / ITR)
- Medical reports, if requested by the insurer
- Nominee details
Additional documents may be requested by the respective insurer based on the applicant and transaction.
How the Process Works
- 01
Share Your Requirement
Tell us what you need through the form, WhatsApp or a call.
- 02
Profile & Document Review
We understand your profile and review the documents.
- 03
Explore Suitable Options
We help you compare suitable plans from insurers.
- 04
Proposal & Insurer Coordination
We assist with the proposal and coordinate with the insurer.
- 05
Policy Issuance
As per the insurer's underwriting and process.
Guidance You Can Rely On
Personalised Guidance
Advice shaped around your situation.
Multiple Financial Solutions
Loans and insurance under one roof.
Transparent Communication
Clear updates, no hidden surprises.
End-to-End Assistance
Support from enquiry to completion.
Insurer Coordination
We follow up so you don't have to.
Life Insurance — Frequently Asked Questions
How much life cover do I need?
It depends on your income, dependants, liabilities and goals. We can help you think it through.
What is the difference between term and life insurance?
Term insurance is a type of life insurance offering pure protection without maturity savings.
What affects my premium?
Age, health, lifestyle, sum assured, policy term and riders selected.
Can I change my nominee?
Generally yes, as per the insurer's process.
Is a medical test required?
It depends on age, cover amount and the insurer's underwriting.
Why is honest disclosure important?
Accurate disclosure of health and habits helps avoid claim issues later.
Looking for the Right Life Insurance Solution?
Share your requirement and let our team help you explore suitable options.
Arthmitra Financial Services facilitates financial assistance and acts as an intermediary/channel partner where applicable. Approval, eligibility, interest rates, premiums, terms, documentation and other conditions are subject to the respective financial institution or insurer’s policies.