Sum Assured vs. Financial Need (The Core Protection)

A good policy covers your debt and provides for your family’s future.

• Financial Goal Calculator: Our unique tool helps you calculate the ideal Sum Assured based on your current income, outstanding loans (home, car), inflation-adjusted future expenses (child's education, wedding), and the number of years your family will need support.
• The Right Multiplier: We compare how different insurers structure their Sum Assured against your financial profile, ensuring the payout truly secures your family’s lifestyle for the next 15-20 years.

Payout Structure (How the Money is Received)

How your family receives the money is as important as the amount itself. We compare flexible payout options:

• Lump Sum Payout: The full amount is paid immediately. We highlight policies with the fastest settlement ratios for this traditional method.
• Monthly Income Payout: A portion is paid as a lump sum, and the rest is paid as a fixed, rising, or decreasing monthly income for a set period. We compare plans that offer the highest guaranteed income period.
• Hybrid Payout: A blend of lump sum for immediate needs (e.g., clearing debt) and a guaranteed income stream for recurring expenses. We showcase the most balanced hybrid options available.

Critical Riders & Add-ons (Enhanced Security)

These optional additions significantly broaden your policy’s protective scope. We clearly compare the cost and benefits of essential riders:

1. Critical Illness Rider

This rider provides a lump sum payout if you are diagnosed with a serious illness such as cancer or stroke. The payout helps cover medical expenses, loss of income, and other financial burdens during recovery.
Bimavale Comparison Focus: Number of illnesses covered (e.g., 30 vs. 64) and the maximum payout limit offered by different insurers.

2. Waiver of Premium Rider

If you become permanently disabled or are diagnosed with a critical illness, this rider ensures that all future premiums are waived, while your policy coverage continues without interruption.
Bimavale Comparison Focus: Eligibility conditions (Disability or Critical Illness) and the impact on premium cost.

3. Accidental Death Benefit Rider

In case of death due to an accident, this rider provides an additional Sum Assured to your family, offering extra financial security during an unexpected tragedy.
Bimavale Comparison Focus: The maximum additional coverage available and the associated cost.

4. Insurer Reliability and Claim Settlement

A policy is only as good as its ability to pay the claim. We emphasize the long-term track record of the insurer:

• Claim Settlement Ratio (CSR): We bring you the latest annual CSR data, indicating the percentage of claims an insurer settles. We prioritize insurers with consistently high CSRs (above 98%) as a mark of reliability.
• Solvency Ratio: A measure of the insurer's financial stability, ensuring they have the capital reserves to pay claims even during major economic downturns.