Life insurance, especially well fitted to meet your financial needs.

Most life insurance policies have a specified term, such as 10, 15, or 20 years. For the nominee to be eligible to collect the sum assured, the insured’s death has to occur during the term of the policy.
If the insured survives the term of the policy, depending on the type of policy purchased, He/ She may or may not receive a sum of money at the end of the policy term.

Need for Life Insurance
Today, there is no shortage of investment options for a person to choose from investments such as gold, property, fixed income instruments, mutual funds and of course, life insurance.

Given the plethora of choices, it becomes imperative to make the right choice when investing your hard-earned money.

Life insurance is a unique investment that helps you to meet your dual needs – saving for life’s important goals, and protecting your assets.

How does insurance companies works

A life insurance company gathers premiums from a large number of people(policy holders). The larger and more diverse the group of policyholders, the lower the risk for a company to pay death claims. The premium payments collected by the insurers are used for three purposes – to settle claims, to make investments, and to pay expenses.

All Insurance Companies in India are controlled under IRDA (Insurance Regulatory Devlopment Authority ) it regulates investment of funds by insurance companies.

Types of Life insurance plans
a) Term Life Insurance Plan
b) whole life insurance Plan
c) Money Back life insurance plan
d) Endowment Life insurance plan
e) Children’s Life Insurance Plan
f) Unit Linked Insurance Plan