SK Advizors

Insurance Planning – Essential for Financial Security

Insurance is the **risk management foundation** of your financial plan. It ensures that regardless of life's unexpected events (illness, disability, or death), your family's lifestyle and financial goals remain completely protected.

The Four Pillars of Protection

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Life Insurance

The foundation of a financial plan. Ensures your family’s security, settles liabilities, and supports future goals.

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Term Insurance

Pure protection plan offering the highest coverage at the lowest premium. Crucial for income replacement.

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Health Insurance

Covers hospitalization and treatments, preventing medical emergencies from exhausting your savings.

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Personal Accident & Critical Illness

Add-ons for extra protection against loss of income due to disability or high-cost treatments.

Why SK Advizors for Your Insurance Needs?

🧑‍💼 Personalized guidance—not just products.

🔍 Complete review of existing policies to avoid over/under-insurance.

🎯 Focus on cost-effective, adequate coverage tailored to your situation.

🤝 Transparent advice that always puts your family’s security first.

Tax Benefits: Investing in Security

› **Section 80C**: Life & Term premiums qualify for tax deduction.
› **Section 80D**: Health Insurance premiums offer deductions for self, family, and parents.

Insurance Planning – FAQs

Life Insurance: Provides both protection and, in some cases, savings/investment benefits (like money-back or endowment policies).

Term Insurance: Pure protection plan that offers a high sum assured at a low premium but has no maturity value.

Insurance is not a replacement for savings or investments. It is a risk management tool that ensures your family’s lifestyle, goals, and future remain secure in case of unexpected events. Savings can get exhausted, but insurance provides a guaranteed safety net.

A general thumb rule is 10–15 times your annual income or enough to cover: Family’s monthly expenses for at least 10 years. Ongoing loans (home, education, personal, etc.). Future financial goals (children’s education, marriage, retirement for spouse). At SK Advizors, we do a personalized needs analysis to suggest the right coverage amount.

Some common exclusions are:

Pre-existing diseases (during waiting period).

Cosmetic or non-medical treatments.

Self-inflicted injuries.

Certain conditions within the initial 30–90 days of the policy.

Exact exclusions vary by policy and insurer, so we guide you in choosing the most suitable plan.

Yes ✅

Life & Term Insurance premiums: Deduction under Section 80C.

Health Insurance premiums: Deduction under Section 80D (up to ₹25,000 for self/family, and an additional ₹25,000–₹50,000 for parents).

For Term Insurance: The policy lapses, and you lose coverage.

For certain Life Insurance plans: The policy may acquire a reduced paid-up value or lapse.

We always ensure our clients are guided on premium commitments before recommending a plan.

Yes. Employer policies often end when you change jobs and may not provide adequate coverage. Having an individual or family health plan ensures continuous and sufficient protection.

That’s where SK Advizors comes in—we analyze your:

Family needs.

Current financial situation.

Future goals.

Existing coverage (if any).

Then, we recommend the most suitable and cost-effective plan for you.

Your Shield Against Uncertainty