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Company

Insurance Advisory

Insurance is financial protection — against the loss of life, health emergencies, business disruptions, and property damage. The right insurance plan protects your family, your health, and your wealth without burdening you with unnecessary premiums. The wrong insurance leaves gaps that devastate finances exactly when protection is most needed.

4,000+
Policies Advised
100%
Disclosure Accuracy
4.8 ★
Client Rating
20+
Years Advisory Experience
Service Overview

Protect What Matters Most — With the Right Coverage

India's insurance market has over 70 life and general insurers — each offering hundreds of plans with complex terms, exclusions, and riders. Navigating this on your own risks either under-insuring (inadequate coverage that fails when needed) or over-insuring (paying for features you'll never use). Our insurance advisory is needs-based, not product-driven. We assess your specific financial situation, family composition, existing coverage, and risk exposure — then recommend the products that best match your needs. We work with all major insurers and provide unbiased recommendations.

Critical: Life insurance and health insurance claims are most commonly rejected due to non-disclosure of pre-existing conditions at the time of policy purchase. Under Section 45 of the Insurance Act, a policy cannot be called into question after 3 years — but within 3 years, misrepresentation allows the insurer to void the policy entirely. Always disclose medical history accurately, even if it increases the premium.

Term Life Insurance

Pure protection at lowest cost

A pure term plan pays the sum assured only on the insured's death — no savings component. Premiums are the lowest possible for maximum coverage. A ₹1 crore term plan for a 30-year-old costs as little as ₹8,000–12,000 per year. We recommend sum assured based on income replacement analysis.

Health Insurance

Critical in today's medical cost environment

Medical inflation in India runs at 14%+ per year. A single hospitalization can cost ₹5–50 lakhs today. We help you choose individual, family floater, or super top-up plans — with appropriate sum insured, room rent category, and critical illness coverage.

Business Insurance

Protect your enterprise

Business insurance includes commercial general liability, professional indemnity (for consultants and professionals), cyber liability, fire and property insurance, and key man insurance. We assess your business risk profile and structure appropriate coverage.

Insurance Portfolio Review

Audit existing coverage

Many individuals are over-insured in endowment/ULIPs (poor returns, high cost) and under-insured in term and health. We audit your existing policies, identify gaps, and recommend restructuring where needed.

Eligibility Criteria

What Kind of Insurance Do You Need?

Insurance needs differ significantly by life stage, income, and family responsibilities.

1

Young Earners (25–35 Years)

A high-sum term plan and basic health insurance are the priority. Premiums are lowest when young — locking in coverage now saves significant amounts compared to buying at 40+.

2

Family with Children

Adequate term cover (at least 10–15× annual income), family floater health insurance, and child education plan — the core insurance portfolio for a family with dependents.

3

Business Owners

Key man insurance, business interruption coverage, professional indemnity, and commercial general liability — protecting the business against people, operational, and legal risks.

4

Retirees

Term insurance needs reduce after retirement. Senior citizen health insurance, critical illness coverage, and long-term care planning become priorities — at a stage when premiums are highest.

Key Benefits

The Right Insurance Advisory Protects You From Two Risks

Buying too little insurance and buying the wrong insurance are equally dangerous.

01

Needs-Based Recommendation

We calculate your exact life insurance need using income replacement analysis — not arbitrary round numbers. Your family's lifestyle, outstanding loans, and future financial needs determine the right sum assured.

02

Avoid ULIP and Endowment Traps

ULIPs and endowment plans combine insurance with investment — delivering poor returns on both. We demonstrate mathematically why buying term + invest-the-difference is almost always superior.

03

Claim Settlement Analysis

A policy is only as good as its claim settlement. We evaluate insurers' claim settlement ratios, complaint rates, and solvency margins — not just premiums — before recommending any plan.

04

Exclusions & Waiting Periods

Health insurance policies have exclusions, waiting periods, and room rent caps that can leave you with large bills despite having coverage. We explain these in plain language before you buy.

05

Tax Efficiency

Life insurance premiums are deductible under Section 80C (up to ₹1.5 lakhs). Health insurance premiums are deductible under Section 80D (up to ₹25,000 self + ₹25,000 parents). We structure coverage to maximize these deductions.

06

Annual Review

Insurance needs change — new loan, new child, income increase, change in health status. We review your coverage annually and recommend adjustments — ensuring you're never under-protected.

Step-by-Step Process

Our Insurance Advisory Process

We follow a structured needs-analysis approach — no product selling, only needs-based advice.

Your journey Step 1 of 6

Scroll through the steps — or skip the queue and let our experts handle every one of them for you.

Get Expert Help
1
Step 1 of 6

Financial Needs Assessment

Review current income, expenses, outstanding loans, number of dependents, existing coverage, assets, and financial goals — to build a complete picture of protection needs.

2
Step 2 of 6

Coverage Gap Analysis

Identify gaps between existing coverage and actual needs. Many individuals have LIC endowment policies that provide inadequate cover at high premiums — replacing these is often a priority.

3
Step 3 of 6

Product Comparison

Compare plans across all major insurers for the recommended product type — evaluating premium, sum assured, riders, claim settlement ratio, solvency ratio, and exclusions.

4
Step 4 of 6

Recommend & Apply

Present clear recommendations with full cost-benefit analysis. After decision, assist with application — filling forms, medical declaration, medical tests (if required), and premium payment.

5
Step 5 of 6

Policy Document Review

Review the policy document when received — verifying that coverage matches application, exclusions are as discussed, and nomination is correctly recorded. Flag any errors immediately.

6
Step 6 of 6

Annual Review

Conduct annual coverage review — particularly after major life events (marriage, child birth, home purchase, income change) to adjust coverage and ensure it remains adequate.

Document Checklist

Documents for Insurance Application

Documents vary by plan type — life insurance requires the most documentation.

Identity & Medical Documents

PAN Card

Mandatory for all life insurance applications. PAN details are reported to income tax authorities for high-value premium policies.

Aadhaar Card

Primary identity and address proof for all insurance applications.

Medical Test Reports

For high sum assured policies (typically above ₹50 lakhs), the insurer requires recent medical test results — blood sugar, blood pressure, lipid profile, and ECG.

When applying for health insurance, disclose all existing medical conditions (diabetes, hypertension, past surgeries) accurately. Non-disclosure is a common reason for claim rejection — and the most painful outcome of an insurance purchase.

Post Registration

After Buying Insurance

Keeping your insurance active and updated is as important as buying it.

At purchase & on life events

Update Nomination

Ensure nomination is in place and up to date — especially after marriage or children. Without proper nomination, claim settlement involves lengthy legal process for the family.

Every year

Never Miss a Premium

Life insurance policies lapse after a grace period of 30 days of missed premium. A lapsed policy provides no coverage. Set auto-pay for premiums from your bank account.

Always

Keep Policy Documents Safe

Store physical policy documents and digital copies securely. Inform your nominees where the documents are and how to contact the insurer — they will need this information when making a claim.

Why Finace India?

Your Trusted Insurance Advisory Partner

Most claims get rejected over non-disclosure of pre-existing conditions at purchase — a mistake that surfaces only when your family needs the payout most. We ensure your policy is structured and disclosed correctly from day one.

Full & Accurate Disclosure Support

Every medical and lifestyle detail documented properly at purchase to prevent claim rejection later.

Needs-Based Recommendations

Life, health and business cover matched to your actual protection gaps, not commission-heavy ULIPs.

Claim Settlement Ratio Analysis

Insurers compared on real claim settlement track record before we recommend a policy.

Annual Policy Review

Coverage reviewed every year as your income, family and liabilities change.

4,000+

Policies Advised

100%

Disclosure Accuracy

4.8 ★

Client Rating

20+

Years Advisory Experience

4.9 / 5from 2,400+ verified reviews
Talk to an Expert
FAQ

Frequently Asked Questions

The thumb rule is 10–15 times your annual income — adjusted for outstanding loans, number of dependents, and existing assets. A 35-year-old earning ₹15 lakhs with a home loan and two children likely needs ₹1.5–2 crore of term cover. We calculate this precisely for each client.
For pure protection: term insurance is always superior — lowest premium, highest cover. Endowment and ULIPs combine insurance with investment at high costs — typically returning 4–6% CAGR, while pure equity investments return 12–15% over long periods. We recommend 'term + separate investments' in most cases.
Every insurance policy has a free look period — 15 days for policies sold online/offline, 30 days for distance-sold policies. During this period, you can return the policy for a full refund if you are not satisfied with the terms. Use this period to carefully read the policy document.
The claim settlement ratio (CSR) shows the percentage of claims settled by the insurer. A CSR above 95% is generally considered good. However, the more important metric is the claims rejection reason — some insurers settle low-value claims but reject large ones. We analyze both CSR and average claim size.
A super top-up health plan provides additional coverage above your deductible — triggered by total annual medical expenses crossing the threshold, not each individual hospitalization. It is highly cost-effective for increasing health coverage without paying full premiums for a standalone high sum insured policy.

Still have questions?

Our experts are happy to walk you through the process.

Contact an Expert
Get In Touch

Get In Touch with Finace India

We believe communication is the key to building strong relationships. Whether you have questions about our tools, products and services, need support, or simply want to share your feedback, we're here to help.

Call Us

+91-9431204044+91-9709934950

Email Us

finaceindiaservices@gmail.com

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Visit Us

BSFC Building, 5th Floor
Patna, Bihar 800001