Vida Masters
Life Insurance

Long-term financial scaffolding for retirement, your child's future, or a legacy.

Life insurance is the longest-dated product in your portfolio. We place term, endowment, child, pension, and single-premium plans across LIC, SBI Life, HDFC Life, TATA AIA, and others, matched to your timeline and tax situation.

LICSBI LifeHDFC LifeTATA AIA
01

Term Insurance

Pure-protection life cover with the highest sum assured for the lowest premium. Pays a lump sum to nominees if the insured passes away during the policy term. No payout on survival.

Ideal for

Anyone with dependents, especially primary earners aged 25-50.

Key features

  • Highest cover per rupee of premium
  • Sum assured of ₹50 lakh to ₹5 crore+
  • Optional riders: critical illness, accidental death, waiver of premium
  • Tax benefit under Section 80C and Section 10(10D)
02

Endowment Plan

Combines life cover with guaranteed savings. Pays a lump sum on maturity (survival) or to nominees on death during the term. Lower cover than term plans but builds a savings corpus.

Ideal for

Risk-averse savers wanting protection plus a guaranteed lump sum.

Key features

  • Guaranteed maturity benefit
  • Bonuses (where declared by insurer) add to payout
  • Loan facility against policy after a few years
  • Tax-deferred savings under Section 80C
03

Child Education Plan

Long-term savings plan timed to your child's higher education or marriage milestones. Pays guaranteed amounts at fixed ages, with premium waiver if the parent passes away.

Ideal for

Parents of young children planning for education or marriage 10-20 years out.

Key features

  • Guaranteed money-back at key milestones (typically 18, 21, 25)
  • Premium waiver on parent's death — policy continues
  • Some plans offer market-linked variants for higher returns
  • Tax benefits under Section 80C and 10(10D)
04

Pension / Annuity Plan

Build a retirement corpus during your earning years, then convert it into a regular monthly income (annuity) post-retirement. Available as deferred or immediate annuity plans.

Ideal for

Working professionals planning retirement, or retirees with a lump sum.

Key features

  • Deferred annuity: accumulate now, draw income later
  • Immediate annuity: pay a lump sum, start income immediately
  • Joint-life annuity for spouse coverage
  • Tax benefits on contributions; annuity is taxable
05

Single Premium Plan

Pay a one-time lump sum and receive life cover plus a guaranteed maturity benefit. Useful for parking a windfall, bonus, or maturity proceeds from another investment.

Ideal for

Anyone with a lump sum from a bonus, property sale, or matured FD looking for tax-efficient growth.

Key features

  • One-time premium — no ongoing payment obligation
  • Life cover for the entire policy term
  • Guaranteed maturity payout
  • Tax-efficient long-term parking of lump sums

Not sure which plan?

Let's shortlist the right life cover for you.

A 20-minute conversation with our team is usually enough to narrow down two or three plans worth comparing. No obligation, no pressure.

Talk to our team