Life Insurance
Life Insurance covers loss
of life and offers benefits like risk coverage, different
plans, health expenses coverage, promotes savings, guaranteed
income, loan facility, tax benefits. Different types of policies include Term,
Endowment, ULIP, Money Back, Whole Life, Annuity/Pension Plan.
Life Insurance can be defined as a contract between
an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for
a premium, upon the death of an insured person or after a set period.
The goal of life insurance is to provide a measure of financial security for your family after you die. A life insurance policy will help them meet the financial needs that your income would have normally covered. Life insurance can be purchased on an individual or group basis.
Life insurance is an agreement between you (the policy owner) and an insurer. Under the terms of a life insurance policy, the insurer promises to pay a certain sum to a person you choose (your beneficiary) upon your death, in exchange for your premium payments.
Endowment Plans
Endowment plans refer to the life insurance policies that offer risk cover to the policyholder under the unfortunate event.
Term
Plans
Term life insurance is the simplest and purest form of life insurance that provides a financial protection.
Child
Plans
Child insurance plan is an investment cum insurance plan from life insurance companies, which offers financial safety.
Guaranteed Income Plan
A Guaranteed Income Plan is a plan that provides you with insurance cover along with a guaranteed income.
Retirement Plans
Retirement planning refers to the process of setting financial goals and creating a roadmap to achieve them.
Group Insurance Plans
Group Insurance covers a defined group of people, for example members of a professional association, or a society.