Please fill the form to compare quotes from various insurance companies
You are no longer there to take care of your family and your family could be struggling emotionally and financially. However, by having a best life insurance policy, you can enjoy peace of mind when you think how your family’s needs will be met when you are no more around.
Here are some fine points about which insurance Policy to buy and how to choose them.
While you decide to have life insurance cover, you may wonder about which policy to buy. The following are the most widely acknowledged life insurance plans in India:
It is the simplest type of life insurance with the lowest Premium rates. If during the Coverage period the Insurer dies, the Insured sum will be paid to the family.
These are excellent savings plans that provide a specified amount after a specific Term or after the death of the insured. You will also get extra benefits such as bonuses and profits.
Pension plans are insurance policies that will help you lead a good quality life after you retire. You can save money during your working days by paying periodic premiums or a lump sum amount.
If you want both insurance coverage and savings, money-back plans are the ideal ones. You will be paid periodic payouts at specific intervals along with guaranteed returns and loyalty Bonus (if any).
ULIPs too provide both the benefits of insurance coverage and savings, where a part of the premium amount is invested in bonds, equities etc. and the residual amount is used for insurance coverage.
Though there are no written rules, there are certain guidelines and strategies that you must adapt to get the best life insurance. The following are some important guidelines: