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Insurance plans are a saviour and one should invest in life insurance wisely.

Choose to check your EMI and eligibility before opting for any insurance plans in India.

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Insurance plans are a saviour and one should invest in life insurance wisely.

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  1. Insurance plans are a saviour and one should invest in life insurance wisely.

  2. Life insurance is an investment plan that offers a sum of money either in the form of death benefits to the beneficiary or as the policy matures to the insured person. • In other definition, Life insurance policies are a protection cover from financial loss of premature death of the insured person. The named beneficiary receives the maturity amount as benefits for future financial aid. What is life insurance

  3. There are a number of life insurance plans available in India. A few are listed and carefully explained here: • Term Life Insurance • Whole Life Policy • Endowment Plans • ULIP (Unit Linked Insurance Plans) • Money Back Policy Types of Life Insurance

  4. A Term Life Insurance is an investment plan that offers an assured sum as financial coverage to the policyholder after a certain set time period. • The insurance plan has three major beneficial features attached to it, i.e., Tax Benefits, Death Benefits and Maturity Benefits. • One can attach riders to term plans as an additional cover along with the promised maturity benefits as offered by the insured company. Term Life Insurance

  5. A Whole Life Insurance Plan or policy is offered as a financial benefit to the family of the policyholder after the insured’s demise in the form of corpus. • There is no pre-defined policy tenure in whole life insurance policy. • The main feature of the policy is that the policy’s validity is into defined hence the individual can avail life cover benefits throughout his life. • The insured person needs to pay regular premiums until death, upon which the corpus is paid out to the family. Whole Life Insurance Policy

  6. Endowment plans and term plans tend to work in a similar pattern although there is one critical difference between the two. • Unlike Term Plans, Endowment policy offers the sum assured in both scenarios, i.e, death as well as survival. • However, Endowment plans charge higher fees and are expensive comparatively. • Insured can avail profits from the equities and debts, as the premiums are invested in the same. Endowment Plans

  7. ULIPs are considered as a variant of the traditional endowment policy. • The insured person can avail benefits on either death or maturity. • ULIPs are linked to markets. • The policyholder can choose the allocation of investment in stock or debt markets. Unit Linked Insurance Plan (ULIP)

  8. A money back insurance plans offers periodic payments over the policy term. • A portion of the sum assured is paid out in regular frequencies or intervals. • On survival of the policyholder, the rest of the sum assured is delivered. • In case of death of the insured person, the beneficiary can claim the full sum assured. Money Back Policies

  9. Facebook - https://www.facebook.com/PNBMetLife • Twitter - https://twitter.com/PNBMetlife1 • YouTube - https://www.youtube.com/user/pnbmetlife • Google+ - https://plus.google.com/111898098553090690630 Visit our Social Media Pages For more Information

  10. Thank You

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