Life Insurance In India ?

Life insurance is a type of insurance that pays out a lump sum or an income for the death of the insured. Life assurance is an investment product that pays out a fixed amount of money in the event of death. Life assurance is what you get when you buy life insurance.

What is Life Insurance ?

Life insurance can be defined as a contract between an insurance policyholder 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.

Life Owners Insurance Policy

• Policyholder :- Policyholder is another way of saying “policy owner." If you buy an insurance policy in your own name to insure your own stuff, you're the holder of that policy.
• The Owner :- The owner can be either the insured or the beneficiary, and some policies may have more than one owner.
• The beneficiary :- This is the person who files a claim with the insurer and receives the payment if the life insured dies. Some policies may have more than one beneficiary.

Types of Life Insurance

Various types of life insurance policies are available nowadays in India.

Adding Value To Your Life Insurance

The add-to-cash value option is available on permanent life insurance policies that earn dividends. You can use this option to reinvest the dividend in your policy instead of collecting the money as cash. Exercising this option can increase your life insurance savings in the future.

Life insurance riders are additional benefits that can be bought and added to a basic life insurance policy. They allow you to customise a policy and can provide several kinds of protection if you meet their conditions.

With the right rider, you can get enhanced coverage against a potential risk that may not be covered under your policy. Make insurance more economical: As has been mentioned in the previous point, having an add-on rider eliminates the need to purchase an additional life insurance policy.

Rides with Life Insurance

Some rides are available on life insurance. Like as

How can I get this Type of Insurance ?

It is an easy way. Contact on this website and choose the most appropriate contact method for you. We are here for you.