LIFE  INSURANCE

What is life insurance?

A life insurance is an agreement between an insurance company and a policyholder, where the life insurer promises to pay a fixed amount of money in return for a premium, after a set time period or

upon the life assured’s death.

There are two types of life insurance:

1. Term Insurance Plan

2. Savings Plan is a financial product that helps in planning long-term goals like buying a home, fees for children’s higher education, and more while providing life coverage benefits.

Features of a life insurance policy

• Financial Security
• Maturity Benefits
• Death Benefit
• Tax Benefits
• Guaranteed Returns
• Wealth Creation
• Retirement Planning