Life Insurance

Life Insurance

Life insurance is a contract between a policyholder and the insurance company which provides life coverage in case of the death of the individual.

If you are the sole breadwinner of your house, then this insurance product is the best insurance for you as your family can get a lot of benefits in case of your sudden demise.

Life insurance is basically of two types which are as follows-

Term Insurance

Term insurance is insurance that provides a cover for a certain time in return for a premium amount. This policy gets activated if the policyholder died during the policy term and the family of the policyholder gets a sum assured.

Permanent Insurance

Permanent insurance is insurance that provides lifetime coverage until the policy attains maturity given the premiums were paid on time along. This insurance accumulates cash value over time and at the time of maturity of the policy, the policyholder gets the sum assured.

Which Life Insurance to Choose?

There is no hard and fast rule when it comes to selecting life insurance for you, it depends on the individual financial goals and the protection he/she needs.

Our insurance agents are experts in this field and can offer you amazing advice which can help you finalize the type of insurance product you want to subscribe to.