Protection + Savings + Wealth — All in One

Build Wealth While
Protecting Your
Family's Future

Life Insurance gives you the best of both worlds — a guaranteed life cover for your family and a disciplined savings plan that grows your money over time. Start early, build big.

📈 Guaranteed Returns
🎁 Annual Bonus
💰 Tax-Free Maturity
🏦 Loan Against Policy
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📊 Maturity Value Estimator
See how much your policy can grow
Endowment
ULIP
Whole Life
18–30
31–40
41–50
10 Years
20 Years
30 Years
Monthly Premium
₹ 2,500
Approx. cost
Est. Maturity Value
₹ 4.2L
With bonus
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Understanding the Difference

Term Insurance vs Life Insurance

Both protect your family — but in very different ways. Here's what sets them apart.

Term Insurance
🛡️ Pure Protection
  • ✅ Very low monthly premium
  • ✅ Very high life cover (up to ₹10 Crore)
  • ✅ 100% tax-free payout to nominee
  • ❌ No maturity benefit if you survive
  • ❌ No savings or investment component
  • 💡 Best for: Income replacement for family
VS
Life Insurance
📈 Protection + Wealth
  • ✅ Life cover + savings in one plan
  • ✅ Maturity benefit — lump sum payout
  • ✅ Guaranteed returns + annual bonus
  • ✅ Loan against policy available
  • ✅ Tax benefit under 80C and 10(10D)
  • 💡 Best for: Long-term wealth building

💡 Expert Tip: The smartest strategy is to have both — a Term Plan for maximum protection at low cost, and a Life Insurance plan for disciplined savings and wealth creation.

Choose Your Plan

Four Life Insurance Plans for Every Goal

From guaranteed savings to market-linked wealth — we have a plan that matches your financial ambition.

⭐ Most Popular
🏛️
Endowment Plan
Guaranteed savings plus life cover. Get a lump sum at maturity — win either way.
  • Guaranteed maturity + bonus payout
  • Life cover throughout policy term
  • Annual reversionary bonus
  • Loan against policy up to 90%
  • Tax benefit u/s 80C & 10(10D)
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📊
ULIP — Unit Linked Plan
Market-linked returns with life cover. Ideal for long-term wealth creation with flexibility.
  • Invest in Equity, Debt, or Balanced funds
  • Switch between funds anytime
  • Higher returns potential over 15+ years
  • Life cover + investment in one plan
  • Tax-free returns u/s 10(10D)
Get This Plan →
♾️
Whole Life Plan
Lifetime coverage up to age 99 or 100. Guaranteed payout to your family — always.
  • Coverage till age 99 or 100
  • Guaranteed death benefit at any age
  • Bonus accumulates over lifetime
  • Premium payment stops at age 65
  • Estate planning and legacy tool
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💵
Money Back Plan
Receive periodic payouts every 5 years during the policy term — great for planned expenses.
  • Periodic payouts every 5 years
  • Full life cover throughout the term
  • Survival benefit + maturity bonus
  • Ideal for children's education milestones
  • Tax benefit u/s 80C & 10(10D)
Get This Plan →
Plan Comparison

Compare the Top Three Plans

A quick side-by-side to help you choose the right Life Insurance product for your goals.

Features Endowment Plan POPULAR ULIP Plan Whole Life Plan
Life Cover ✓ ✓ ✓ Till Age 99
Maturity Benefit Guaranteed Lump Sum Market-Linked Returns Bonus Payout
Guaranteed Returns ✓ ✗ Market Risk ✓
Annual Bonus ✓ Reversionary ✗ ✓ Accumulates
Loan Against Policy ✓ Up to 90% After 5 Years ✓
Fund Switching ✗ ✓ Anytime ✗
Surrender Value After 3 Years After 5 Years After 3 Years
Tax Benefit (80C) ✓ ✓ ✓
Ideal For Safe, guaranteed wealth Long-term high returns Legacy & estate planning
Claim Process

How Claims Are Settled

Two scenarios — both simple, both transparent, and fully supported by our team.

🎯
On Policy Maturity
When your policy completes its full term and you are alive, you receive the full maturity benefit — Sum Assured plus all accumulated bonuses — completely tax-free.
  • 1
    Insurer sends maturity notice 1–2 months before due date
  • 2
    Submit discharge voucher with ID proof and bank details
  • 3
    Full maturity amount credited to your bank account within 7 days
🤲
On Death of Policyholder
If the policyholder passes away during the policy term, the nominee receives the full Sum Assured plus all bonuses accrued — 100% tax-free, directly to their bank account.
  • 1
    Nominee contacts insurer or Supersaga helpline to register claim
  • 2
    Submit death certificate, original policy bond, and nominee ID proof
  • 3
    IRDAI mandates settlement within 30 days — amount paid tax-free
Important Alert

Why Are Life Insurance Claims Rejected?

Life insurance claim rejections are rare — but when they happen, they leave families without the support they were counting on. Almost every rejection is avoidable with proper guidance at the time of purchase.

💡 Supersaga's Promise: We do a thorough needs analysis before recommending any life insurance plan — covering disclosures, nominee registration, and all policy conditions — so your family's claim is never at risk.
⏱️
Suicide Within Policy's First Year
Most life insurance policies exclude suicide claims within the first 12 months of policy issuance. After one year, the claim may be settled as per policy terms.
🤫
Non-Disclosure of Health Conditions
Not declaring pre-existing illnesses, smoking habits, or family medical history at the time of applying is the leading cause of life insurance claim rejections.
⏰
Policy Lapsed Due to Non-Payment
If premiums are not paid within the grace period (usually 30 days), the policy lapses. A claim on a lapsed policy will be rejected unless the policy was revived.
👤
Incorrect or Missing Nominee Details
Wrong nominee name, missing nominee registration, or unresolved assignments cause severe delays. Always verify and update nominee details after life events.
📄
Fraudulent or Forged Documents
If the insurer discovers any forged or manipulated documents during claim investigation, the claim is permanently rejected and the policy is voided.
⚖️
Policy Assignment Not Updated
If you took a loan against the policy and assigned it to a lender, the assignment must be released after loan repayment. An active assignment can redirect the claim payout.
Common Questions

Frequently Asked Questions

Honest answers to the most common life insurance questions.

An Endowment Plan offers guaranteed, fixed returns with a reversionary bonus — very safe and predictable. A ULIP (Unit Linked Insurance Plan) invests your premium in market-linked funds (equity, debt, or balanced), offering potentially higher returns but with market risk. Endowment suits conservative investors; ULIP suits those comfortable with market fluctuation for long-term (15+ years) wealth creation.
Surrender value is the amount you receive if you discontinue (surrender) your policy before maturity. Most traditional plans acquire surrender value after 3 years of premium payment. ULIPs allow surrender after 5 years (the lock-in period). Surrendering early usually results in a lower return than waiting till maturity, so it is generally not recommended.
Yes! Traditional life insurance plans (Endowment, Whole Life, Money Back) allow you to take a loan against the policy's surrender value — typically up to 85–90% of the surrender value. Interest rates are low (usually 9–10% p.a.) compared to personal loans. ULIPs generally allow partial withdrawals after the 5-year lock-in instead of formal loans.
Life Insurance offers a double tax advantage: (1) Premiums paid are deductible under Section 80C up to ₹1.5 Lakh per year. (2) Maturity proceeds and death benefits are completely tax-free under Section 10(10D), provided the premium does not exceed 10% of the sum assured in any policy year.
Traditional life insurance plans offer two main types of bonus: (1) Reversionary Bonus — declared annually as a percentage of the sum assured and added to the policy permanently. (2) Terminal Bonus (Final Addition Bonus) — a one-time bonus paid at maturity or at the time of a death claim as a reward for holding the policy for its full term. These bonuses significantly increase the final payout.

Start Building Wealth — Protect Your Family Today

A 10-minute conversation with our advisor can help you choose the right Life Insurance plan for your goals and budget. Free, no obligations.

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