Complete insurance hub for Indian households — term, health, motor, life. Section 80C + 80D tax benefits. IRDAI-compliant insurer recommendations.
Most Indian households need only 2 insurance products:
Plus motor insurance (mandatory third-party). Everything else (ULIP, endowment, money-back plans) is bundled product — usually you're better off with pure term insurance + ELSS / index fund mix.
Term Insurance →
Cheapest pure protection — ₹1 crore cover for ₹15-30K/year typical. Compare top plans (HDFC Life Click 2 Protect, LIC e-Term, Tata AIA, Max Life).
Life Insurance (Endowment + ULIP) →
Endowment vs ULIP vs Pure Term — why most people should pick pure term + invest separately in ELSS / index funds.
Motor Insurance (Car / Bike) →
Third party (mandatory) vs comprehensive, IDV calculation, NCB protection, add-on covers.
Home Insurance →
Structure + contents cover, natural disaster cover, earthquake / flood riders. Often bundled with home loan.
Travel Insurance →
International travel medical cover, baggage loss, trip cancellation. Schengen visa requirement.
Section 80C — Life Insurance Premium
Life insurance premium (term, endowment, ULIP, money-back) eligible under 80C up to ₹1.5 lakh per FY. Combined cap with EPF, PPF, ELSS, etc. Old regime only. Premium must not exceed 10% of sum assured for full deduction (policies issued April 2012 onwards).
Section 80D — Health Insurance Premium
Self / family premium: ₹25,000 (₹50,000 if any insured is senior citizen 60+). Parents (separate): ₹25,000 (₹50,000 if senior). Total max: ₹1 lakh if self family + senior parents. Preventive health check-up: ₹5,000 sub-limit. Available BOTH old and new tax regimes.
Track all your insurance policies (term, health, motor) alongside your investments. Felix flags when renewals are due, sum-assured needs uplifting (after life events), and when an insurer change makes sense.
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