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Life Insurance

 

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    Life Insurance

     
    Opted by 10518 People

    Life insurance is a contract between the customer and the insurer, where the insurance company promises a specified amount termed as the sum assured, in return for the premiums paid, in the event of death of the policy holder.The policy holder pays a specified premium in lump sum or at regular intervals.

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    Main benefits of Life Insurance are

    Life Protection
    Financial Security
    Investment
    Loan
    Tax Benefits
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    Points to note while taking a Life Insurance policy

    Younger the customer, the lesser will be the premium. A long-term, low-cost cover is possible if one purchases a policy at a younger age through which,one can easily secure the future needs.

    It is important to consider all needs of present and future while determining the Sum Assured.

    Inflation also to be considered while taking a life insurance policy While deciding the amount of a life insurance plan, it is important to consider inflation ie, how prices will change and can affect future requirements.

    Types of Life Insurance

    Investment plans

    A Unit Linked Insurance Plan is a

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    Endowment Insurance

    Endowment policies are among the popular life

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    Money Back Insurance

    Money back policies falls under Endowment Plans.

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    Whole Life Insurance

    The validity of this life insurance policy

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    Child Plans

    A child plan is a combination of

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    Term Insurance

    Terms plans are considered to be the

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    Annuity plans

    Annuity plans are also popularly known as

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