Life Insurance

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.

Why Should One Have Life Insurance?

Life Insurance Options:

Why Ashutosh Financial Services?


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.

We at Ashutosh Financial Services providing NRI Services have a process-driven approach to assist the NRIs intending to get themselves insured in India. While getting Insurance in India, the NRIs need to adhere to various rules and regulations of various institutions like FEMA (Foreign Exchange Management Act), Income Tax & RBI (Reserve Bank Of India). However, through our expert and qualified team, we assure you that we are more than enough capable of catering to all your needs.

Life Insurance is a financial cover for a contingency linked with death, disability, and accident. Though human life cannot be valued, a monetary sum could go a long way for the immediate family. Therefore we at Ashutosh Financial Services take utmost care in picking the right insurance policy for you and also take care of all the formalities to ensure a seamless claim settlement. 

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In our first meeting, we try to explain to you in detail all about the various important terms of an insurance policy like – Life Cover, Sum Assured, Premium, Premium Payment Term, Policy Term, etc. A proper understanding of these terms will ensure that you plan out your goal effectively. We also have a preset set of questions that will enable us to understand and pick the best policies for the achievement of your goals.

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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 Research & Analysis Department. Once your goals and risks are ascertained, our Research Team will look up all the policies of various insurance companies and select the best policies that fit your requirements. Once the policies are finalized they are forwarded to our Top Management whose approval shall complete the process.

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Once the Top Management has given the final approval, we shall approach you again with the necessary policy documents and information about the final selected policies. Along with this we also bring various calculated projections about each of these policies to ensure better transparency. Once you have approved a policy we shall proceed with the necessary formalities to login in your policy.

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Once the insurance policy is logged in you shall be assigned with a Relationship Manager, who shall be available at all times to further assist you in any matters. The Relationship Manager will remind you about the premium payment dates as and when they become due.

Our Aim:

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:

Invest with Us


Insurance is a means of protection from unforeseen financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss and secure from financial loss.

An entity that provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.

There are 4 broad terms in which
1. Life Insurance
2. General Insurance
3. Health Insurance
4. Pension Insurance

Life insurance can provide tension free that your beneficiaries will be provided for after you die. Learn more about selecting the right policy for you, and how some policies can even serve as retirement savings. There are 4 types of life insurance,
1) Term Insurance
2) Traditional / Endowment Insurance
4) Guaranteed Income Insurance

You must check and see whether or not there is availability of guarantee of return, what the lock in period is, details of premium to be paid, what would be implications of premium default, what the revival conditions are what the policy terms are, what are the charges that would be deducted, would loan be available etc.

In case of certain proposals, depending upon the age of entry, age at maturity, sum assured, family history, and personal history, special medical reports may be necessary for consideration of risk. E.g. if the proposer is overweight, special reports like Electro Cardiogram, Glucose Tolerance test, etc could be required, while for underweight proposers, an X-ray of the chest and lungs with reports could be required.