You have a huge home loan, or a major one-time expense...

The payout would save your family from the burden of repaying the loan or prevent them from moving out of their dream home. Or it could meet the large cash requirement of your child’s foreign education or wedding.

Your nominee can create wealth…

Your nominee is financially aware and will invest the payout judiciously to earn significantly higher returns.

You have a small debt to pay…

You have a small personal loan or education loan that you want to take care of, and still contribute a regular household income.

You want to support your spouse in running the household…

This is a perfect replacement for your regular income. It supplements your family’s income and reduces their financial burden.

You have young children…

As your children grow up, their needs for education and a better lifestyle will increase. If you have a small expense or loan that needs to be paid immediately, and you want to support your family thereafter, this option works best.

You want to help your spouse with their retirement…

This option will help your spouse create a small immediate corpus, plus help them meet all their rising costs of living.

You have ageing parents to support…

You have parents who depend on you for their living costs. Rather than burdening them with a lumpsum amount that they may not be able to manage, a smaller amount every month would be more convenient.

Your family may get tricked… 

If your family has ageing parents or young adults, they may get tricked by fraudsters to pay a large chunk to them under the pretext of “repaying a long overdue loan”. A smaller regular income would meet their needs and protect them, too.