LIFE INSURANCE
A life insurance policy provides financial cover and a sense of security to you and your family in times of crisis
TYPES OF LIFE INSURANCE
1) TERM INSURANCE
it is the concern of everyone that i can make my life safe from all kinds of damage so this types of policy designed so that you can move forward your life without any fear
This type of insurance policy is one of the basic types of life insurance policies . in term insurance , the policy holder gets life cover for a specifed period and pays the premium for the the same in case of in a case of death the beneficiary receive the sum assured to the policy holder
on the other hand , if the policy holder survives the term insurance period there is no saving or profit from the policy
2) WHOLE LIFE INSURANCE
everyone wants my parents, wife, children to be happy in my lifetime and even after my death whole life insurance policy is for entire life. this types of policy is cover the entire life of policy holder . the premium is paid at regular intervals and the final payment is made to the family on the death of insured persons. Naturally, as the insurance cover is for life time the premium amount is also higher for such whole life plans
3) ENDOWMENT INSURANCE
in this type of insurance covered the maturity benefits i.e. if the policy holder survives the term of the insurance plan , they get the benefits of the sum assured . The beneficiery is also entitled to the basic death benefits in case of death of the policy holder during the term of insurance
4) CHLID INSURANCE
this types of insurance policy helps in saving for the child's future. Funds are a great resoursce for child education and marriage.because after having a child the greatest desire of a parson is that his child should live a happy life and parents have this dream that my child should study well so that then we can choose a perfect spouse for him and that's why people like this policy
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