LifeInsurance
Life insurance is, first and foremost, protection for the people who depend on you. We help you compare term and traditional plans from IRDAI-licensed insurers and complete the application under IRDAI POSP.
Insurance registration
Money Compound is registered with IRDAI as a POSP (Point of Sales Person), Registration No. 408483. Insurance is the subject matter of solicitation. Premium quotes, claim settlement and policy terms are governed by the respective IRDAI-licensed insurer. Money Compound does not underwrite policies and is not a SEBI-registered Investment Adviser; investment goals should typically be addressed through AMFI-registered mutual fund schemes rather than through investment-linked insurance products.
Reasons for Coverage
Income Replacement
If something happens to you, term life insurance gives your dependents a lump-sum payout to replace your income, repay liabilities and meet essential living costs.
Death Benefit to Family
On the policyholder's death during the policy term, the insurer pays the sum assured (and any applicable bonus, as per the policy contract) to the nominated beneficiary.
Tax Treatment
Life insurance premiums paid may qualify for deduction under Section 80C of the Income-tax Act, 1961, within the overall ₹1,50,000 limit (subject to conditions). Tax rules can change — please confirm with your CA.
Long-term Protection
Long-term term plans (up to age 60-80) keep your family financially protected through your high-responsibility years — home loans, child education, dependent parents.
The Essence of Financial Legacy.
Secure Quality of Life
Think about your spouse, children or other loved ones. Life insurance ensures they can continue to enjoy the quality of the life they deserve, no matter what happens.
"In life insurance, you buy a promise of financial security for your loved ones."
Frequently Asked Questions
Secure Their Future.
Life insurance is for the people who depend on you. We help you compare IRDAI-licensed insurers and complete the application — protection first, no pressure.
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