Life Insurance
Life Insurance is a financial product, wherein the policy holder and the life insurance company comes to an agreement. A lump sum amount is paid by the insurance company in the form of insurance coverage to the nominee/insured in return for the premium after a specific period or in case of the death of the insured.
Life Insurance
- Endowment plans
- Pension plans
- Savings plans
- Term plans
- ULIP plans
- Children’s plans
- Money back plans
- Group term insurance
- Health plans
An endowment policy is a type of life insurance product that provides insurance cover along with an avenue for savings. It is a mix of insurance and investment. An endowment plan allows the life insured to save regularly for a specific period of time and pays a lump-sum amount at the maturity date. It can be used for wealth creation as well as to fulfil a long-term financial goal. If the policyholder survives the policy tenure, he/she is paid the maturity amount, however, in the case of an unfortunate death of the insured, the policy pays the sum assured.
Pension during your old age. These policies are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life.
Savings plans are life insurance plans, which offer a different opportunity to the individual to save and accumulate a fund for the future.
These investment plans help the individuals to invest in a systematic and disciplined way so that they can achieve the long-term and short-term financial objectives of life. The savings plan offers various features that help to meet the specific financial need of the individual by making investment as per one’s own suitability and risk appetite.
Term insurance is a life insurance product, which offers financial coverage to the policyholder for a specific ‘term’ or a time period. A term life insurance policy can offer a substantial cover In case of death of the insured individual during the policy term, the death benefit is paid by the insurer to the nominee. However, in the event that the tenure of the policy comes to an end within the lifetime of the policyholder, then the latter does not get any money back.
Unit Linked Insurance Plans, popularly known as ULIPs, are insurance plans that provide the benefits of an insurance cover as well as a market-linked investment. ULIPs are goal-based financial solutions, linked to the capital market. Thus allowing the flexibility to invest in equity or debt funds, depending on the investor’s risk appetite. ULIPs help with capital appreciation over a long period of time, while providing insurance cover.
Child plans basically help in financial planning for your child's future needs at the right age. As a parent you can secure your child’s future with plans that encompass children insurance plans and children education plans.
Money back plans protect your family's financial interests from circumstances such as death or critical illness of the policyholder. Periodic payouts create wealth for meeting financial commitments at key stages in life. Here at PolicyBazaar.com, you can carefully research, compare and choose a suitable money back life insurance plan for your needs
Whatever the business, it is the people who make it a success. Everybody requires some type of life insurance, especially when others depend on them financially. Group Term Insurance Plan (GTI) meets this need and serves as an ideal way for employers to reinforce their bond with their employees. The sort of needs, you, as an employer need to cater to could be in form of "Employee benefits”,” Cover for housing or vehicle loans given by you to your employees".
Health Insurance policy secures your finances against sudden medical expenses. It is a comprehensive policy for you and your family, designed to cater to most of your common healthcare needs. It comes with an option to include your family under one policy called the family floater option. You can choose coverage for your family health insurance as per your medical needs such as maternity cover, OPD cover, critical illness cover, donor expenses cover, etc. Some of its noteworthy features include no limit on hospital room rent, no co-pay, no pre-medical check-up up to 45 years of age