Types of Life Insurance Policies
Insurance plays a critical part in our lives these days. It is counted as an added security to your family in the later years. It gives protection to your families and also a handsome amount of money when the insured person is dead according to the given policies. There are different insurance plans accordion to the requirement of the customer to walk through different life phases. Term Insurance Plans for term insurance are one of the simplest and cheapest insurance policies and this plan provides coverage for fewer periods then in this way the benefits can only be derived for less time. Once it will get matured you will no longer eligible for any profits or allowances. But if the insurance holder dies in between the time period of insurance policy then the specific lump sum amount is given to the family member or the guarantor. The maximum life for the policy is up to 30 years. Endowment Insurance Plans These are best saving plans and provide certain amount of money at th...