There are many profits of availing of life insurance policies, we are free form all money related problem of future time. The benefits are:
1.Life Risk Cover:
Life insurance policy cover you and your family high life risk from bad fortune. It will provides you risk coverage guarantee in case of uncertain event and protect your family from financial crisis.
Taking a life insurance policy protect you and your families future in case of any uncertain event. If you are insured then the insurance company pays your family a sum insured plus the bonus to dispossession family.
3.Return on Investment:
: Life insurance schemes provides better investment alternatives as compared to other investment schemes. Mostly all the life insurance policies/schemes offers bonuses, with your deposits amount that other investment schemes can not offers.
The money invested in life insurance are risk coverage and safe. The money invested in this scheme will get good return and will be fully returned as when
The term is completed or after happening of any uncertain event/accident. In life insurance schemes your money will be returned and paid back.
Here the word denote, Life Insurance means the insurance of your life. You are buying life Insurance policy to protect your family from finance problem after event of loss of your life. Life Insurance policy is very important for the future time because we are not seeing the event happen in future time. In case of expiry of policyholder or happening of any untimely event.
The policyholders family will be compensated by the policy amount plus bonus, will be provided by insurance company. In case, If he died before maturing the duration of policy. Anyway his family will get full amount of policy but the death or accident of the policyholder are genuine.
Another you will not be compensated and your policy amount that you will deposit till your death or accident will not refunded.
Health insurance policy is paid to cover all the cost of medical treatments. Different types of health insurance schemes are available to us, which cover different types of diseases, ailments and treatments.
The premium amount that you will pay generally covers medicine, hospital, treatment cost. In health insurance policy, there are two options are available to you.
First- you can buy a general health insurance policy, or Second-you can buy specific diseases policy. Which scheme is more benefited to you, you can buy that policy.
In the present time, Car Insurance policy is very popular and play very important role for every car owner. This insurance policy safe you against any untimely event like accident, damage or any other incident.
Some car insurance policies also remunerate for damage to your car during accident by natural calamities like earthquakes, floods, cyclones. Car Insurance protect the car owner from heavy damage and loss.
In todays world, The Education of child is very expensive. So Education Insurance is specially made for saving the budget for our children Education by buying Education Insurance schemes in minimum premium.
And It will help to when your child reaches the age for higher education and admit into college(18 years or above). Then the policy money will help you and you can pay all higher education expenses of your child.
And he get higher education will any problem. Policy amount will be paid by guardian and it will help your child in higher study.
Before buying a Policy, you must check and read all the terms and conditions. You must check, the schemes you want to invest are guaranteed or not. In other word, we can say that the insurance policy you want to invest are guaranteed or not, its lock in period, details of premium, what would be the condition of premium, its charges, would loan available or not.
Category Name: Conventional Life Insurance
Generally the Insurance Company will send a discharge voucher attaching a statement to the policy holder at least 2 to 3 months in advance of the date of maturity of the policy a statement of the claim amount payable. For making the payment of your policy, you should return the policy bond and the discharge voucher duly signed and witnessed are to be returned to the insurance company immediately. Then you should be eligible for claiming the policy amount.
If the policy is transferred to any other person the claim amount will be paid only to that particular person.
Category Name : Conventional Life Insurance