Life Insurance

If you are thinking about buying life insurance, chances are you would have heard about term and whole life insurance policies. While both are life insurance products that provide financial protection, they vary greatly in their features. Let’s have a look at how term insurance is different from whole life cover.

What is endowment insurance? 

If you’re looking at endowment policies, you will have several different options in the market. You will find policies with varying features, benefits and costs. So how do you find a plan that meets all your requirements and at the same time goes easy on your pocket? Here’s a look at how you can find the best endowment policy.

If you’ve bought a life insurance policy, you know you got to pay your premiums to keep your policy active.

If something unfortunate happens to you, wouldn’t you like to ensure your loved ones are financially protected? If you are the sole breadwinner of your family, your demise could probably leave them in a financial lurch. This is where whole life cover comes into play. 

Life insurance is a means to financially secure your loved ones in the event of your demise. The whole idea behind getting a life cover is to protect your near and dear ones from sudden loss of financial support. Life insurance gives you peace of mind. Should something unfortunate happen to you, the beneficiaries named in your insurance policy stand to receive the policy benefits.

Yes, whole life insurance is a good investment option for anybody looking to secure the financial future of their loved ones. Whole life policies, a type of life insurance product, remain active for the entire lifetime of the insured individual. In the event of the demise of the policyholder, the sum assured is paid by the insurance company to the nominee along with the accumulated bonuses in case of a non ULIP plan.

Whole life insurance is a type of life insurance product that covers you for your entire life. As long as premium payments are made on time and in full, the coverage lasts and you can be assured that death benefits will be paid. Premiums on such plans can be paid in one-off sum or on a regular basis. Whole life insurance plans are different from other kind of life insurance products - you will be covered till the age of 99 and if you outlive the policy term, you will receive the maturity beneits. Whole life plans can be with or without profit. Participating plans have a bonus factor, whereas non-participating plans do not pay out any bonus.