Life insurance define
Life insurance define
"Life insurance is a contract between the person and the insurer, in which case the sum assured (sum assured) or end-pre-determined policy term is payable in the case of death of the guarantor"
What is life insurance
Life insurance policy is one kind of insurance that provides coverage of the unpredictable death of the policy holder or the policy term after the maturity period. To take advantage of this protection, the insurer pays a certain amount as a premium for maintaining a policy.
Life insurance is nothing more secure that provides financial security / protection against the loss of life. The primary purpose of life insurance policy is to protect the financial interests of the insured's family.
Keeping in mind the stress associated with our everyday life, we often come to cases of people reaching the precarious end, many times their families are dispersed after their death. Here are three main reasons for considering investing in a life insurance plan.
Life insurance define
Type of life insurance plan for indian
1 Term plan
2 Endowment plan
3 money back policy
4 whole life insurance
5 children plan
6 Retirement plan
Know each all in detail
1. Term plans
This is designed to provide financial protection to specific period, for 10 or 20 years. With traditional term insurance, the premium payment amount remains the same for the coverage period you choose. After that period, policies can continually offer coverage, at a higher premium payment rate.
2. Endowment plan
Endowment plan is a life insurance policy that gives you a combination of both: an insurance cover, as well as a savings plan. It helps you save regularly during a specific time period so that if you have survived the policyholder's tenure, you can get the sum assured on the policy maturity.
The policyholder gets his insurance amount in line with the policy terms and conditions on future due date. However, in case of sudden death of the policy holder, the insurance company will pay the policyholder the sum insured (in addition to the bonus, if any) to the nominee. In addition, it is also useful to protect you or your family after retirement or to meet various financial needs, such as funding for the education of children and / or marriage or a home purchase.
3. Money back policy
As the name a money-back policy is a policy that offers money back in regular intervals. This money back is paid during the tenure of the scheme and it is the percentage of the amount. Money back pay-out is called Survival Benefits. These benefits are paid during the plan period and during maturity, the remaining sum insured is paid with the vested bonus. However, if the insurer dies during the tenure of the plan, the full amount of amount is payable regardless of the survival benefits before the payment is made. This makes the plan unique.
4. Whole life insurance
Whole life policy is a type of life insurance that provides guaranteed mortality benefit throughout the life of the policyholder. As long as the insured amount is paid, coverage is extended and policy surrender is not done. These plans have been made to cater to those who do not want a fixed term, but instead they are covered. This policy will also create a cash value that makes premiums more expensive than some other plans.
5. Children plan
Successful parenting is not a meaningful theory. A great contributor to this success is in the right age for your child's future needs. You can not really give your child a better gift than the promise of a secure future with a Youngster Child Plans, which include Child Insurance Plans and Child Education Plans from various bank. On this birthday.
bank's offers gifts to your child to see a safe future and career high to fulfill his dream with child investment plans.
6. Retirement plan
Retirement Plan is required for the all young people for the coverage of future risk.
Meditate
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3. Money back policy
As the name a money-back policy is a policy that offers money back in regular intervals. This money back is paid during the tenure of the scheme and it is the percentage of the amount. Money back pay-out is called Survival Benefits. These benefits are paid during the plan period and during maturity, the remaining sum insured is paid with the vested bonus. However, if the insurer dies during the tenure of the plan, the full amount of amount is payable regardless of the survival benefits before the payment is made. This makes the plan unique.
4. Whole life insurance
Whole life policy is a type of life insurance that provides guaranteed mortality benefit throughout the life of the policyholder. As long as the insured amount is paid, coverage is extended and policy surrender is not done. These plans have been made to cater to those who do not want a fixed term, but instead they are covered. This policy will also create a cash value that makes premiums more expensive than some other plans.
5. Children plan
Successful parenting is not a meaningful theory. A great contributor to this success is in the right age for your child's future needs. You can not really give your child a better gift than the promise of a secure future with a Youngster Child Plans, which include Child Insurance Plans and Child Education Plans from various bank. On this birthday.
bank's offers gifts to your child to see a safe future and career high to fulfill his dream with child investment plans.
6. Retirement plan
Retirement Plan is required for the all young people for the coverage of future risk.
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Meditate
https://bloggingrace1.blogspot.com/2019/05/improve-your-brine.html?m=1
Children development
https://bloggingrace1.blogspot.com/2019/05/teach-children-to-become-successful.html?m=1
Stock market news
https://bloggingrace1.blogspot.com/2019/05/share-market-news.html?m=1
How to start a new business
https://bloggingrace1.blogspot.com/2019/05/how-to-start-business-in-india.html?m=1
🏵 Thanks for the reading
If you like it
Places share it with your friends
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