Life insurance is basically a monetary support system that your family gets after you are no more. It ensures they can manage their expenses, pay off their loans, and maintain their standard of living without any difficulty.
Term insurance is a product that protects for only a specific period. If the policyholder passes away during this period, the family receives the money support. It’s a low-cost solution that guarantees financial safety to the closest ones.
A retirement plan is like a piggy bank that you put money in for your old days. After you have stopped working, it becomes your source of income and thus, you can live comfortably, independently, and without any worries.
Whole life insurance covers you for the entire lifespan. It is a product that after your death, it gives money to your family and also creates savings that you can use while living.
A money-back policy is the one with insurance and regular payouts. You receive a part of the sum assured during the policy term and the rest with bonuses at maturity or death.
Endowment plans provide the benefits of both insurance and savings. They give a lump sum amount to the policyholder at maturity or to the family if the policyholder dies during the plan term.
A child plan is a way for the parents to save and invest in their child’s future. It is the provision of money for education, marriage, or other needs, even if parents are not there.
Child insurance plans are the means to give your child a secured future by the combination of savings and protection. They promise money for education or any other goals, even if something happens to the parents.
A ULIP plan is an option that has both investment and insurance benefits. Some of your money is invested in market funds, and some are used for life cover, thus enabling you to increase your wealth and be protected at the same time.
ULIPs are products that offer you both insurance and investment advantages. A portion of your money is used to provide life cover, and the remaining is invested in market funds to grow wealth.
Investment plans are meant to be the means through which you can increase your wealth gradually. They allow you to invest in different alternatives, such as stocks or funds, in order to accomplish the goals you have set for the future and to become financially independent.
A protection plan is a financial shield that offers your family the resources that they may need in the event of your demise or if you suffer an accident. The instrument is there to help with the expenditure side and to ensure that your loved ones will have a secure future.
Group insurance is a single policy that provides coverage to a large number of people, such as a company’s employees. It extends financial protection and benefits to all members at a much lower cost through the group’s savings.
An annuity scheme assures you a definite income on a regular basis after your retirement. The idea is that you put in the money either in a lump sum or in instalments, and later you receive steady payments to manage your daily expenses in old age.
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