FAQs

Life Insurance

10 Jan 2019

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The life insurance comes in different variants. The basic structure is same – premiums and payouts. But each policy may have some differences to fit different needs of different people. Each life insurance company may offer different types of policies under the same segment. Some life insurance policies provide coverage for whole life, while some covers risk of untimely death for a specific duration. Some policies may have the inbuilt functional part to provide corpus or funds either through savings or investments. Some insurance companies also offer an option of converting from one type of policy to another.
Types of life insurance policies are:
-Term Insurance
-Whole Life Plans
-Endowment Plans
-Unit Linked Insurance Plans (ULIP)
-Money Back Policy
-Child Insurance Plan

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