What Is Life Insurance ? Type of Life Insurance Plans

What Is Life Insurance ? Type of Life Insurance Plans

In this accident-filled life, you can get many benefits by insuring your valuables.



If you want to help your family after your death then this is a very safe way for you tu .

You will get all kinds of related to whether or not taking life insurance will be right for you.

What Is Life Insurance ?

• Life Insurance Company is one of the all life insurance companies in India.


• If you have an accident and you die in such a situation,


• then the life insurance company provides that person's


• family with the same amount according to the life insurance policy made by that person after the death of the earning person.


• Could also help his family members.


• It is useful for the financial help of the family.


• If you have any type of loan or you live in a rented house, then you must get life insurance.

Type of Life Insurance Plans

1. Traditional Life Insurance Plan


2. Unit Linked Insurance Plan


3. Term insurance

The policyholder gets life cover.

This is cheaper than all other insurance policies.

a certain amount of premium has to be paid every year for a fixed period

and during this time the nominee gets a fixed amount if the policyholder dies.

But if there is nothing untoward with the policyholder,

then no amount is received after the end of the insurance period.

The name suggests, gives the policyholder a lifetime cover.

In this, the policyholder has to pay a premium every year till he lives.

After the death of the policy holder, the nominee gets a fixed amount.

The difference between the term plan is that the whole life policy holder

can also take a loan from the insurance company in emergency.

Choose which plan ?

• In any other insurance plan, your annual return is only up to a maximum of 6-7 percent.


• Therefore, it is better that you take a term plan for insurance and choose mutual funds


• or any other method of your choice for investment.


• If you do this, then you will also avoid any kind of insurance misselling.

Today post What Is Life Insurance ? Type of Life Insurance Plans i leraning to you that Choose which insurance plan ? and

Type of Life Insurance Plans .