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Life Insurance

Life Insurance

What is Life Insurance?

Definition :
Definition Life insurance or life assurance is a contract between the policy owner and the insurer, the insurer agrees to pay a lump-sum of money at the insured's death. In return, the policy owner agrees to pay a stipulated amount called a premium. A benefit is paid to the designated Beneficiaries should the insured pass away.

Why individuals buy Life Insurance :
Why individuals buy Life Insurance Immediate cash needs or expenses Final Expenses Mortgage Education Emergency Fund Child Care Debt Liquidation.

Why do you need Life Insurance?:
Why do you need Life Insurance? Life Insurance is almost a basic need. It’s the first step in Personal Financial Planning .It provides valuable benefits if you make your choices carefully. It’s a comprehensive wealth accumulation solution that benefits almost all.

Life Insurance Products:
Life Insurance Products Unit Linked Insurance Plan, Traditional Savings Plan, Protection or Term Plan, Health Insurance Plan.

Unit Linked Insurance Plan:
Unit Linked Insurance Plan A Unit Linked Life Insurance Plan (ULIP) offers the dual benefits of protection as well as savings which helps you to fulfill your long term financial goals with the added advantage of flexibility and transparency.

Traditional Savings Plan:
Traditional Savings Plan Traditional plans are the oldest types of Life Insurance plans available. They usually invest in low risk return options and offer guaranteed maturity proceeds along with declared bonuses. It also offer you the facility to take a loan against your investment
Ex. Endowment Plan, Child Plan, Money Back Plan etc.

Protection or Term Plan :
Protection or Term Plan Protection or Term plans have a high risk protection component. The main objective of these plans is to protect your family financially from unforeseen circumstances.

Health Insurance Plan:
Health Insurance Plan Health Insurance plans insure you against several illnesses. They protect your peace of mind, get rid of all worries about treatment expenses, and allow you to focus on more important things, like getting better.

List Of Life Insurance Company in India

  1. Bajaj Allianz Life Insurance Co. Ltd.
  2. Birla Sun Life Insurance Co. Ltd
  3. HDFC Standard Life Insurance Co. Ltd
  4. ICICI Prudential Life Insurance Co. Ltd
  5. ING Vysya Life Insurance Company
  6. Life Insurance Corporation of India
  7. Max Life Insurance Company Limited
  8. Met Life India Insurance Company Ltd.
  9. Kotak Mahindra Old Mutual Life Insurance Limited
  10. SBI Life Insurance Co. Ltd.
  11. Tata AIG Life Insurance Company Limited
  12. Reliance Life Insurance Company Limited
  13. Aviva Life Insurance Co. India Ltd.
  14. Sahara India Life Insurance Co. Ltd.
  15. Shriram Life Insurance Co. Ltd.
  16. Bharti AXA Life Insurance Co. Ltd.
  17. Future Generali India Life Insurance Co. Ltd.
  18. Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
  19. AEGON Religare Life Insurance Company Limited
  20. Star Union Dai-ichi Life Insurance Company Ltd.
  21. India First Life Insurance Company Ltd.
  22. IDBI Federal Life Insurance Company Ltd.
  23. DLF Pramerica Life Insurance Co. Ltd.
  24. Edelweiss Tokio Life Insurance Company Limited

We suggest One of the best Plan for you in the above Life Insurance company Ltd.