Glossary

Balanced funds
Funds that automatically spread the money across various portfolio of stocks & bonds
Child Insurance Plans
An insurance plan that serves as a life cover offering protection, financial stability, and support for your child’s dreams. 
Critical Illness Plan
This plan fits perfectly to pay the medical expenses that are incurred specifically during critical illnesses such as stroke, kidney failure, paralysis & more.  
Disease-Specific
A plan that is must when you have a family history of a specific disease. It offers coverage for one specific disease at a lower premium. 
Disease-Specific Plan (Cancer, Heart, etc.)
A plan that is must when you have a family history of a specific disease. It offers coverage for one specific disease at a lower premium. 
Endowment plans
A life insurance plan that can work as an insurance coverage and also as a savings plan.  
Equity funds
Best scheme to invest assets in stocks of different companies & gain long-term wealth. 
Family Health Insurance
A health plan that offers medical coverage for every member of your family at a single premium. 
Fixed income or debt mutual funds
Fixed income mutual fund schemes to invest in money market instruments & debt 
Gilt funds
Debt funds to invest in fixed interest bearing and bonds issued by the government 
Group Health Insurance
A health plan that offers insurance at a reduced cost for members or employees of an organization. 
Hospital Daily Cash
A health plan that provides a lump sum amount to pay for additional hospitalization and to compensate loss of income during hospitalization.  
Hybrid
Mutual funds which give a fixed return every month
Index funds
A portfolio of bonds constructed to match the components of a financial market index 
Individual Health Insurance
A coverage plan helping the insured person get financial aid when there is a need for medical assistance. 
Liquid funds
Debt funds where maturity is up to 91 days for investing in debt & money market securities 
Mediclaim
A health insurance plan where you can get compensation up to a specific sum assured for accidents, domiciliary care, hospitalization and for certain diseases.  
Money market funds
Short-term debt funds offering good returns with an average maturity of one year 
Moneyback policy
Get a percentage of sum assured at regular intervals and other benefits such as survival benefit, maturity benefit, life cover & tax benefit.  
Monthly Income Plans (MIP)
Mutual funds which give a fixed return every month 
Personal Accident Insurance
Get assistance for medical coverage and compensation in case of injuries, impairment, or demise from an accident. 
Retirement Plans
The best plan that can take care of your post-retirement days and support for leading a stress-free life.  
Sector-specific
Get optimum returns in the long term with the right opportunity 
Tax saving funds
Avail the benefits of high returns, professional management, tax benefit & more
Term insurance
A financial protection plan that offers a wider coverage for your family for a specific period of time.  
Term insurance with return of premium
A policy that offers death benefit to beneficiaries if the insured person dies within the policy term. But, also refunds the entire premium back if the policy holder outlives the policy term. 
Top Up Health Insurance
Get additional coverage when your medical expenses exceed the sum insured of the base health insurance plan.  
Unit Linked Insurance Plans
An insurance plan that offers dual benefits – insurance coverage and investment exposure. 
Unit Linked Insurance Plans (ULIP)
An insurance plan that offers dual benefits – insurance coverage and investment exposure.   
Whole life insurance
A permanent life insurance plan where the insured person is covered as long as the premiums are paid on time.  
Whole life insurance 
A permanent life insurance plan where the insured person is covered as long as the premiums are paid on time.