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AMFI · ARN-356973

PSS VenturesWealth · North East
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Insurance

Term, health and motor insurance — without ULIPs

The right insurance is the cheapest line in your financial plan — when it isn't, you've bought the wrong product. We help you size term cover, pick a health plan with the right OPD/IPD mix, and avoid the ULIP trap.

In one paragraph

Insurance protects against income loss (term), medical inflation (health), and third-party / own-damage motor liability. We do NOT recommend ULIPs or investment-linked insurance: the lock-ins are punitive and the returns trail a vanilla equity SIP. A term plan + a health plan covers 95% of an Indian middle-class family's needs.

Term life: 15–20× annual income, level cover till age 60–65, claim-settlement ratio > 95%.
Health: 5–10L sum insured for individuals; family floater for couples; super top-up after.
Motor: third-party is mandatory; own-damage worth it for vehicles < 10 years old.
No ULIPs. No endowment plans. No 'guaranteed return' insurance hybrids.
Senior parents: separate health plan with no co-pay if available; mediclaim portability supported.
Why this is currently lead-only

IRDAI POSP / Corporate Agent tie-up is in progress. In MVP we route insurance leads through a partner IRDAI-licensed broker. Phase 2 brings direct issuance once our POSP registration completes.

No commission disclosure on this page yet — will be added in Phase 2 when our POSP registration is active. We currently earn zero commission on insurance leads; the partner broker pays a referral fee to our entity that is itself disclosed in our broader disclosures page.

Related

Frequently asked questions

Why don't you sell ULIPs?
ULIPs bundle insurance with investment, charge multiple fees (premium allocation, fund management, mortality, policy admin), and lock funds for 5+ years. A separate term plan + a mutual-fund SIP is cheaper, more flexible, and easier to switch out of. SEBI's prior guidance on ULIP advertising is at sebi.gov.in.
What's the right cover for me?
Term: 15–20× annual income or enough to cover liabilities + 25 years of family expenses (whichever is higher). Health: ₹5L individual / ₹10L family floater in metros, lower in Tier-2. The local advisor will work the actual number with you.
Can I buy directly from the insurer instead?
Yes — and for term plans we explicitly recommend you do, then route the policy under our POSP for renewals and claims support once Phase 2 ships. Direct purchase saves you a tiny first-year commission.
What's an EOM 2024 disclosure?
IRDAI's Expenses of Management regulations (April 2024) cap total expenses, including distribution commissions, that an insurer can charge to the policyholder. It pushed term/health plan prices down by 3–6% on average. Always ask for the gross + net premium.
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