Life Insurance Provides financial protection to your family after life.
Among various insurance products, LIFE INSURANCE has been the most popular. It is an important part of financial planning. Life insurance provides financial protection to the family in case of the death of the breadwinner of the family. It enables the family to lead the same standard of life even after the demise of the head of the family.
In this policy the sum assured is paid in both the situations i.e. death or survival. The amount is paid either on maturity or death of the policyholder.
In this policy the policyholder receives a certain percentage of sum assured at regular intervals say 5,10,15,20 years. In case of survival remaining amount along with bonus is paid on maturity. In case of death sum assured is paid.
In this plan annuity is paid to the policyholder against the accumulated fund at the end of the term of the plan. Policyholders can also obtain the accumulated amount in a lump sum in place of the annuity.
This policy provides coverage throughout the life of the policyholder. The premium is paid for certain number of years only say for 20 years.
In this plan the amount of premium is invested in the Equities and debt instruments. Here, return is not guaranteed and is market-driven but offers to build a good sum at the end of the plan.
