Insurance

Health InsuranceLife Insurance

Life insurance is a legal agreement between an insured and an insurance company. According to that a fixed amount of money is paid to the insured or the beneficiary at the end of its term or upon the death of the insured. It also offers investment benefits. With a life insurance policy, you can save for your old age, fund your child's education, save taxes and so on.

Most life insurance policies also provide tax benefits under various sections of the Indian Income Tax Act. Insurance policy holders pay a monthly, quarterly or annual premium to insurance companies. When individuals die or when the policy has reached maturity, a pre-determined amount is paid to the policy holder or the dependents as nominated by them.

Insurance companies collect premiums from a large number of people. Only a few of these insured people may actually suffer the loss. Thus insurance companies invest the money they collect and end up making money.

Protection Plan

Term insurance is a basic life insurance policy that only covers you life and does not provide any kind of assets building...

Investment Plan

An endowment policy is a life insurance policy designed to pay a lump sum after a specified term or on earlier death of the...

Retirement Plan

A person needs to have a certain amount of regular income to fulfill his daily needs. Pension planning is critical specially...

Children Plan

After becoming a father you need to start planning for the expenses on your children's higher education, professional degree...

ULIP

Unit Linked Insurance Plan (ULIP) combines the benefits of life insurance policies with mutual funds. ULIP provides for life...

Money Back Plan

Money back is a type of insurance where the insured person gets insurance coverage as well as a regular income. This kind of...

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