Insurance & Protection

Why Insurance & Protection Is Non-Negotiable

Most Indian families are either underinsured or paying for the wrong policies. Insurance agents push high-commission products like ULIPs and endowment plans that offer poor returns and inadequate coverage. The result? A family head with ₹50,000 in life insurance trying to protect a ₹2 crore lifestyle, or someone paying ₹50,000 a year on policies they don't need.

At WealthGuard, we audit your existing insurance portfolio and rebuild it from scratch — focusing on pure protection at the lowest possible cost. Our philosophy is simple: insurance is for protection, not investment. We separate the two for better outcomes in both.

We ensure you have adequate term life cover (typically 10-15x your annual income), comprehensive health insurance for the entire family, and critical illness coverage to protect against catastrophic medical events. We're a fee-only advisor — we don't earn commissions on insurance products, so our advice is genuinely in your interest.

Key Benefits

Comprehensive insurance audit of existing policies
Term life insurance optimised for your family's needs
Health insurance with super top-up for ₹50L+ coverage
Critical illness coverage for catastrophic medical events
Personal accident insurance for income protection
Claim assistance and documentation support
Annual review and policy upgrade recommendations

What We Offer

End-to-end insurance & protection solutions designed for the Indian context

Term Life Insurance

Pure life insurance with the highest coverage at the lowest premium. We help you choose between leading insurers comparing claim settlement ratios, riders, and pricing.

Health Insurance

Family floater plans, individual policies, and senior citizen coverage. We compare hospital networks, sub-limits, copay clauses, and waiting periods to find the best fit.

Critical Illness Cover

Lump-sum payout on diagnosis of cancer, heart attack, stroke, kidney failure, and other critical illnesses — separate from health insurance reimbursement.

Personal Accident Insurance

Income replacement coverage for permanent disability, temporary disability, and accidental death. Essential for the primary earner of every family.

Policy Audit Service

We review all your existing insurance policies, identify gaps and overlaps, and recommend whether to keep, surrender, or replace each one for maximum protection.

Claim Assistance

When the unfortunate happens, we help your family with documentation, hospital tie-ups, and follow-ups with insurers to ensure smooth and timely claim settlement.

How It Works

Our proven 4-step process

1

Insurance Audit

We review all your existing policies — life, health, motor, home — to identify what's working, what's not, and where the gaps are.

2

Needs Analysis

Based on your income, dependents, liabilities, and lifestyle, we calculate the exact insurance coverage your family needs across all categories.

3

Policy Selection

We compare the best policies from leading insurers — looking at claim ratios, premium costs, riders, and exclusions — to recommend the optimal coverage.

4

Implementation & Support

We help you apply, complete medical tests if needed, and submit documents. Plus ongoing support for claims, renewals, and upgrades.

Frequently Asked Questions

Common questions about insurance & protection

How much life insurance do I really need?

A common rule is 10-15 times your annual income. If you earn ₹15 lakh per year, you need at least ₹1.5-2 crore term cover. Adjust upward if you have large loans, young children, or non-working spouse to support.

Term insurance vs whole life insurance — which is better?

Term insurance is almost always better. It offers 10-20x more coverage at the same premium compared to whole life policies. Whole life policies have low coverage and poor returns — bad on both counts.

Why do you recommend health insurance when company provides one?

Company health insurance ends when you leave or retire — exactly when you need it most. Buying personal health insurance early (in your 30s) when you're healthy ensures lifetime coverage with no waiting periods later.

What is super top-up health insurance?

A cost-effective way to get high coverage. You buy a base ₹5-10 lakh policy plus a super top-up of ₹40-90 lakh that kicks in after the deductible. Total coverage of ₹50 lakh costs much less than a single ₹50 lakh policy.

Should I buy ULIPs or endowment plans?

No. These bundle insurance with investment, leading to poor returns (5-7%) and inadequate cover. Buy pure term insurance for protection and invest the rest in mutual funds for much better outcomes.