subject: Extremely Effective Life Insurance Solutions [print this page] Life insurance is regarded as the prime necessity of every individual and their respective family. Securing the future on the payment of nominal premiums is like filling the pot with drops of water. There are some situations where you feel the need of some financial security to cover the monetary setbacks. Life insurance policies are like a savior that adds an advantage to your financial status. During the old age, pension policies act as a boon that provides the customers with the best possible and effective insurance solutions. If you are looking for an investment plan for some cause then even there are multiple options that are providing the insurance policy which can make you feel comfortable at the time of worries. These life insurance policies are regarded as the best and one stop solution for all sorts of requirements.
Life assurance is an insurance policy where the insurer pays a fixed sum of money to the policy holder as per the specified norms and conditions. Life insurance is regarded as a part of the monetary planning to cover-up the different sets of risks like fatal diseases, old age health problems, after retirement issues Life insurance companies in India like Bharti AXA Life, Life Insurance Corporation, MAX life insurance, Kotak Life Insurance, Bajaj Allianz Life Insurance Co Limited offers different sets of plans as per the requirement of the customers. As such, Life insurance policies are categorized as temporary and permanent life insurance and they are further sub categorized as term, universal, whole life and endowment life insurance policies. Term life insurance policy provides monetary cover to the policy holder at a fixed rate for a fixed period of time. Term life policies are also of various types like pension plans and investment plans. Universal life, Whole life and variable life insurance policy provides financial coverage on payment of fixed premiums for the whole lifetime of the covered individual. Whole life insurance is an insurance policy that provides financial covers to the policyholder against death. Premiums paid under the whole life insurance policies are tax exempted. Endowment life insurance policy is another type of insurance policy where the beneficiary receives the assured sum in case of death and if the individual survives then the premiums are paid back with other specified benefits. Money Back Policy is a life insurance policy that provides periodic payments during the term of policy.
There are as such different plans in the market so there are the online tools as well that can help you in selecting the best out of the available one. Premium calculator is an online tool that takes different sets of input from the customers and provides the best possible deals to the customers. If you are looking for a life insurance policy that can provide you with a secured future then jolt down your requirements and evaluate it with the online tool. Life insurance policies provide an insight on the risk of life and assure effective and sustainable solution to the customer. Feel the essence of the pace of life and purchase one of them as soon as possible.
by: raj sharma
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