| In this world, every person wants to secure his | | | | full amount immediately. |
| family. He can invest money in PPF, Mutual funds, | | | | Money back insurance: - In money back insurance |
| insurance plans and many more. | | | | plans, the policy holder will get periodic payments |
| There are numerous insurance policies provided | | | | of partial survival benefits during the term of the |
| by various insurance companies. So we can not | | | | policy. The main feature of this policy is that if the |
| easily decide the perfect policy for ourselves. | | | | insured person dies during the policy term, the |
| There is a short description of some life insurance | | | | death claim will be given to his nominee with sum |
| policies that may help you in choosing the right | | | | assured without deducting any of the survival |
| plan. | | | | benefit amounts. |
| Term Life Insurance: - Term life insurance is an | | | | ULIP insurance plans: - ULIP plans are the |
| insurance which gives coverage for a particular | | | | combination of investment and insurance. This is a |
| time of period. After this period, the policy holder | | | | long term, systematic and goal based investment |
| can continue his policy or can drop his policy. If | | | | plan. One can get tax benefits under section 80c |
| the policy holder dies in the term period, nominee | | | | of the Income Tax Act. The two key features of |
| will get the death benefit. This insurance plan is | | | | this product are flexibility and transparency. Many |
| very affordable. The policy holder can pay a low | | | | ULIP plans provide options to increase or reduce |
| monthly premium that is based on the term | | | | premiums after three years. |
| length and amount of the coverage you choose. | | | | Riders: - Riders are additional benefits that one |
| Whole life insurance: - Unlike term insurance, a | | | | can opt to include in one's policy over and above |
| whole life insurance policy gives the coverage for | | | | what the insurance policy provides. These add-ons |
| the entire life not a particular time of period. In | | | | come with extra premium charges that depend |
| this insurance policy, the policy holder gives the | | | | on the rider you have opted. One can not buy |
| insurance premium amount from the date of | | | | these riders separately. |
| issue of policy until he completes 100 years. If he | | | | To summarize, there are details of some |
| dies in this period, then his dependent will get the | | | | insurance policies that may help you to select the |
| face value of the policy. This policy can also used | | | | right plan for you. Before purchasing any insurance |
| as an asset. A person can also take loans from | | | | policy, an individual should compare all the policies |
| the cash accumulation with the help of policy. If | | | | and choose the policy that meets his |
| the person reaches at the age of 100, he will get | | | | requirements. |