WHAT IS LIFE INSURANCE ?
Life Insurance is an arrangement between the Insurance company/Government which guarantees of compensation for loss of life in return for payment of a specified premium. In Life Insurance, the beneficiary whose name has been mentioned in the contract receives the specified sum, from the insurer in case of happening of the event i.e. Loss of Life.
WHY CHOOSE US..?
As the name suggests, life insurance is insurance on your life. You buy life insurance to make sure your dependents are financially secured in the event of your untimely demise. Life insurance is particularly important if you are the sole breadwinner for your family or if your family is heavily reliant on your income. Under life insurance, the policyholder’s family is financially compensated in case the policyholder expires during the term of the policy.
Benefits Of LIFE INSURANCE
- Risk Coverage
- Difference plans for different uses
- Cover for Health Expenses
- Promotes Savings/ Helps in Wealth creation
- Guaranteed Income
- Loan Facility
- Tax Benefits
Types of Life Insurance Policies
- Term insurance plan
- Endowment policy
- Unit Linked Insurance Plan
- Money Back Policy
- Whole Life Policy
- Annuity/Pension Plan