Types Of Life Insurance Policy In India

This plan enables fund availability for a child s life development milestones.

Types of life insurance policy in india. Types of life insurance policies source. Different types of life insurance policies in india. 1 traditional whole life a whole life policy is a policy in which you pay till death of the policy holder. Term policy features covers amount of protection against death of an individual for a given period.

Broadly there are 8 types of insurance namely. Term insurance with return of premium. Lic s insurance plans are policies that talk to you individually and give you the most suitable options that can fit your requirement. Some insurers waive premiums in case of death of the insured parentduring the term of the policy if the benefit is offered.

Different types of life insurance policies in india. Claim get the app. 2 term life insurance a term life insurance is a policy for a fixed amount of time. Life insurance corporation of india corporate office.

Term life insurance whole life policy endowment plans unit linked insurance plans ulips money back policy child insurance plans annuity plans q. Different types of life insurance policies in india. Each individual s insurance needs and requirements are different from that of the others. An insurance policy that secures the life of the parentfor the benefit of the child.

If a person buys an rs 2 lakh policy for 15 years his family is entitled to the sum of rs 2 lakh if he dies within that 15 year period. Whole life insurance life coverage to the life assured for whole life. In such type of a life insurance policy a fixed sum of money called the sum assured is paid to the beneficiaries if the policyholder expires within the policy term. There are two basic types of life insurance policies.

The most common life policies in india are. Yogakshema building jeevan bima marg p o. Term plan pure risk cover. There is a wide range of insurance policies each aimed at safeguarding certain aspects of your health or assets.

Following are the types of life insurance available in india. Unit linked insurance plan ulip insurance investment opportunity. Money back periodic returns with insurance cover. Types of life insurance policies in india.

Endowment plan insurance savings. Www wealthwisher com 5 insurance policies pure insurance term plans insurance cum investment policies whole life plans unit linked insurance money back endowment plans 6.