Garg Finserve

Life Insurance

Covers the risk of death or survival.

Common types:

Term Life Insurance – Fixed period coverage; no maturity benefit.
Whole Life Insurance – Lifetime coverage with a savings component.

Endowment Plans – Combines life cover with savings and pays a lump sum on maturity or death.
Money-Back Plans – Periodic returns plus death benefit.
ULIPs (Unit Linked Insurance Plans) – Investment + insurance combined.
Pension/Annuity Plans – Retirement-focused life insurance.

General Insurance

Covers risks other than life (assets, health, travel, etc.)

Common types:

Health Insurance – Covers medical expenses.
Motor Insurance – For cars, bikes (third-party & comprehensive).
Home Insurance – Protection against fire, theft, natural disasters.

Travel Insurance – Covers trip cancellations, medical emergencies abroad.
Commercial Insurance – For businesses (property, liability, etc.)
Marine Insurance – For cargo and ships.
Fire Insurance – Covers damage due to fire.
Crop Insurance – For farmers against cop loss.

Mutual Fund

A mutual fund is an investment vehicle that pools money from multiple investors to invest in stocks, bonds, or other assets, managed by professional fund managers.

SIP (Systematic Investment Plan): A way to invest fixed amounts regularly in mutual funds, helping build wealth over time with discipline.

SWP

(Systematic Withdrawal Plan) allows investors to withdraw a fixed amount regularly from their mutual fund investments. It’s ideal for generating a steady income, especially during retirement. While withdrawals are made, the remaining investment stays invested, potentially continuing to earn returns. It offers flexibility and financial stability.

Financial Consultancy

Financial consultancy offers professional advice on managing money, investments, taxes, and long-term financial planning. Consultants help individuals and businesses make informed decisions, improve financial health, reduce risks, and achieve specific goals through tailored strategies and expert financial analysis.

Financial Assistance

Financial assistance provides monetary support to individuals, families, or organizations facing financial challenges. It can include grants, loans, subsidies, or emergency aid, helping cover essential expenses like education, healthcare, housing, or business needs, and promoting economic stability and opportunity.