Life Insurance

What is Life Insurance?

Life Insurance is a contract between an insurance policyholder (insured) and an insurance company (insurer). Under this contract, the insurer promises to pay a pre-decided sum of money (also known as “Sum Assured” or “Cover Amount”) in exchange for a premium, upon the death of the insured person or after a certain period.

Importance Of Life Insurance

We are all susceptible to various risks in our day-to-day life (eg – accidents). The stressful life we live today and the type of food we consume have made Life Insurance a compulsory thing to have as a part of our financial planning. We all have various assets, liabilities, and responsibilities to take care of and it is therefore very important to have a comprehensive life insurance cover to ensure that our dependents do not have to suffer or struggle for anything in case of our absence. Below are the most important reasons why one should have a life insurance policy

Our Offerings For Life Insurance:

Term Plan

A Term Plan or Term Insurance is a type of insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. A term plan or term insurance is the simplest and purest form of insurance. Term insurance enables you to get a large amount of life cover (sum assured) at a relatively low premium rate.

We offer the following types of Term Plans:


Ashutosh Financial Services is a one-stop insurance service provider. Our sister concern Ashutosh Insurance Brokers LLP is a Certified Insurance Broker. After qualifying and satisfying various conditions like adequate physical & digital Infrastructure, a qualified team, clearance of requisite exams by Key Personnel, satisfactory capital & net worth requirements, etc. we have obtained the license of Life & General Insurance Broker from the Insurance & Regulatory Authority of India (IRDA).

As an Insurance Broker, we no longer offer Insurance policies of a few selected companies instead, we now offer you the best Insurance Policies by comparing all the policies of all the companies. Our expert and qualified team will carefully select the best Insurance Policy for you after studying your requirements. We assure you that we will provide you with the best Insurance solutions at the most competitive premium rates.

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In our first meeting we would try to understand your goals and objectives. We would also explain to you various important terms of a Life Insurance policy like – Sum Assured, Policy Term, Premium Payment Term, etc. A proper understanding of these terms would help you in setting your goals and objectives in a better way. We would also collect information about you to enable us to select the best Life Insurance Policy for you.

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We at Ashutosh Financial Services take immense pride in being one of the very few companies in this field to have our own in-house Research & Analysis Department. After the preliminary meeting is concluded we forward our analysis to our Research Department who as Certified Insurance Brokers will compare all the Life Insurance Policies of all the companies as per your requirements and select the best Life Insurance policy for you.

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Once the best policy is selected and approved by our top management we will approach you again with all the necessary documents (Forms, Policy Information & Benefits, etc). If you have any doubts we will solve them before we proceed to log in your Life Insurance Policy.

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Once the Insurance Subscription Process has been completed you will be assigned a Dedicated Relationship Manager. The Relationship Manager will be always available to attend to all your needs. The Relationship Manager will also inform you about your Life Insurance Premium Dates as and when they become due. Moreover, we also help and guide you at all times in matters relating to claim settlement. Our qualified team has years of experience in settling claims with various insurance companies.

Our aim is to become your one-stop solution for your financial needs. Through our expert and qualified team, we try to give you the best advice regarding your investments. We also keep ourselves updated with all the activities happening in the world of finance. We aim to provide you with quality & unbiased services to secure your goals and future needs. We at Ashutosh Financial Services, are committed to continuously providing financial services to our investors to the best of our ability.

Our Key USPs are as under: