Life Insurance
Types of Life Insurance Plans
- Term Insurance Plan
- Endowment Insurance Plans
- Pension Plans/ Retirement Plans
- Child Insurance Plans
- Unit-linked Insurance Plans (ULIPs)
Term insurance is a type of life insurance that provides financial protection for a set period. If the policyholder passes away during this time, the insurance company pays a death benefit to the beneficiary.
Various term Insurance plans offer additional protection through riders like accidental death benefit, accidental total permanent disabilities, and critical illness. These riders add an extra layer of financial protection on top of the sum assured provided by the term plan.
An endowment plan is designed to provide life cover and help build savings habits over time. On the other hand, in case of death at any time before maturity by accident or natural causes, etc., your nominees will receive the death benefits.
The designated beneficiaries will receive the death benefit in the event of the policyholder's demise, either before or after retirement.
- Term Insurance Plan
- Endowment Insurance Plans
- Pension Plans/ Retirement Plans
- Child Insurance Plans
- Unit-linked Insurance Plans (ULIPs)
Term insurance is a type of life insurance that provides financial protection for a set period. If the policyholder passes away during this time, the insurance company pays a death benefit to the beneficiary.
Various term Insurance plans offer additional protection through riders like accidental death benefit, accidental total permanent disabilities, and critical illness. These riders add an extra layer of financial protection on top of the sum assured provided by the term plan.
An endowment plan is designed to provide life cover and help build savings habits over time. On the other hand, in case of death at any time before maturity by accident or natural causes, etc., your nominees will receive the death benefits.
The designated beneficiaries will receive the death benefit in the event of the policyholder's demise, either before or after retirement.
