Questions, answered plainly.
No jargon. If your question isn't here, it's one WhatsApp message away.
Frequently asked questions
A term plan is pure life cover — you pay a premium, and if something happens to you, your family gets the sum assured. There's no maturity payout if you outlive the policy. A ULIP (Unit Linked Insurance Plan) combines a smaller amount of life cover with an investment component, so part of your premium is invested in market-linked funds. Term plans are generally the more cost-effective way to buy pure protection; ULIPs are an investment product with insurance attached.
A common starting point is 10–15 times your annual income, adjusted for outstanding loans, dependents, and goals like children's education. It's genuinely specific to your situation — the Term Insurance Need calculator gives you a starting estimate, and a conversation with an advisor refines it.
Most policies have a grace period (commonly 15–30 days) during which you can still pay without losing coverage. Miss that window and the policy can lapse, meaning you lose the cover and may need to go through reinstatement (sometimes with fresh medical checks). If you're at risk of missing a payment, message us before the due date — there are usually options.
Health insurance can generally be ported to a new insurer without losing continuity benefits. Life insurance doesn't "port" the same way, but we can review your existing cover and tell you honestly whether a new or additional policy makes sense — sometimes it does, sometimes your existing policy is already the better deal and we'll say so.
Life and health insurance premiums are commonly eligible for deductions under the Income Tax Act (Sections 80C and 80D), subject to limits and the tax regime you've chosen. Tax rules change, so we confirm the current treatment for your specific policy and income situation rather than quoting a number that might be outdated.
It depends on the claim type — a death claim, a critical illness claim, and a mediclaim hospitalisation claim each need different paperwork. See the full claim document checklist, or message the claim desk directly and we'll tell you exactly what's needed for your policy.
No — a WhatsApp message costs you nothing and doesn't commit you to anything. Most people we work with started with a question, not a purchase.
Glossary — the terms, in plain English
No dictionary definitions — just what these actually mean for you.
Term Insurance
Pure life cover with no investment component. The cheapest way to buy a large sum assured for a fixed period.
ULIP
Unit Linked Insurance Plan — part life cover, part market-linked investment, usually with a 5-year lock-in.
Sum Assured
The guaranteed amount your nominee receives if a claim is admitted — the core number a policy is built around.
Premium
What you pay — monthly, yearly, or as a lump sum — to keep a policy active.
Nominee
The person legally entitled to receive the claim payout. Keeping this updated after life changes (marriage, children) matters.
Rider
An optional add-on to a base policy — e.g. a critical illness or accidental death rider — for extra cover at extra cost.
Surrender Value
The amount you get back if you exit a policy early, before it matures. Usually less than what you've paid in, especially early on.
Grace Period
The window after a missed premium due date during which the policy still stays active if you pay.
Free-Look Period
A short window (commonly 15–30 days) after buying a policy where you can cancel it for a near-full refund if it's not right for you.
MDRT
Million Dollar Round Table — an international recognition for financial advisors who meet a rigorous production and ethics standard. Aangi Associates is an MDRT-Qualified Practice (2021, 2022, 2024 & 2025).