Life Insurance

Life insurance secures you and your family’s peace of mind. I t can be purchased from an Insurance Company against premium on the basis of protection and financial stability after policy holder’s death. Life insurance provides fixed maturity value and death benefit which helps beneficiaries financially after policy holder’s death. Either it can be short term savings plan or long term savings plan.

It can also be a kind of long term savings plan if you buy it, which offers the option of paying the premium regularly.

In addition, Life Insurance provides extra features:

• Security for your family
• Pension Plan
• Protection for your home mortgage
• Investment Plan

Advantages of Life Insurance:

Life insurance policies like whole-life insurance, pension-life-insurance, joint-life-insurance and different kinds of ULIP plan regarding investment are essential to secure you and your family’s life. Term insurance protects your financial stability against the uncertainties of your life so that you can secure your family’s life after you died.

Some features of having life insurance are:

* Life insurance provides enough funds to secure your family.

* It can help your children to complete their education.

* Life insurance secures your financial security after you died.

* It provides protection for your mortgage loan

* Insurance proceeds can help to pay off your personal loans or business loans or to pay expenses such as final illness and funeral costs, eliminating the need to sell assets to pay off these costs.


Types of Life Insurance:

* Traditional Plan

* ULIP Plan