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IMPORTANT THINGS TO KNOW ABOUT LIFE INSURANCE

Author : Alcina Heusden


Every family there is a bread earner and he/she is the earner of the family to live for basic needs of life and to maintain the life style, but what happened if the family's solely earner dies in early age…?? Have you imagined the future without that person? What happened if that person takes loan for home, car or any other related to your family..?? how you can maintain the same life style after person passes away? So the Life Insurance is the only way to safeguard against unavoidable & unpredictable risk of the future and to maintain the same standard of living.
The basic need of life insurance is to secure your love one family members life against liabilities and to keep there lifestyle maintain as it is after a bread earner passes away by accident or any type of critical illness. By selecting, the nominee of family member who will affect financially after you, so your family will get financially secure by the amount what you decide as a sum assured during selecting the policy for rest of your life.
Life insurance purpose is not only to insured the bread earner but also it's have insurance cum investment scheme, so if the bread earner not passes away till the maturity period insurance company gives you the maturity amount of paid premium after policy term get over.
Life insurance has different bodies to get invest in different way as per your need like, term insurance, endowment, retirement pension plan, child plan, ulip, money back…

Term Plan : In this plan only you get death benefit during the policy period, no maturity will get after the get over.

Endowment Plan : It's a insurance cum investment plan, during the term you will get death benefit of sum assured with after maturity period you will get maturity amount against paid premiums.

Retirement Pension Plan : In this plan by paying premium for certain period, will get the benefits of pension till life after particular certain age, in some plan will get pension to dependent nominee if pension holder dies.

Child Plan : Plan for children for there future By paying premium for this plan your children get maturity benefits for higher studies, marriage etc…

Ulip : It's a unit linked life insurance policy which provides insurance cover cum investment by investing in market.

Money Back : This insurance cum returns plan, you also get maturity benefits after plan get over. In this policy holder would have option where like to invest the money.

In India there are lots of insurance companies but select those only who give you good plan with maximum term & sum assured and hassle free claim settlement. Insured every insurance company's take a payment cheque by on company name and to give only by company name for to avoid being cheated by fraud agents. Otherwise, do the online payment only by trough genuine web portal service.
After every payment, ask for immediate First Premium Receipt (FPR) of respected insurance company.
Life Insurance cover not only gives you protection against unexpected things but also secured you against financial risk occurred during unavoidable situation & gives you peace of mind for rest of your life.


Author's Resource Box

Alcina Heusden is an expert in the field of Insurance with more than 30 years of experience. He writes about everything related to general & life Insurance and also writes about all the important facts to know about insurance before purchasing it.

Alcina Heusden is an expert in the field of Insurance with more than 30 years of experience. He writes about everything related to car insurance , two-wheeler insurance & life insurance. To know more about Life Insurance visit http://www.insurancethrottle.com/life-insurance/

Article Source:
Articlebliss

Tags:   Life Insurance, best life insurance policy in India, life insurance in India, online life insurance, life insurance online

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Submitted : 2011-08-16    Word Count : 615    Times Viewed: 988