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Know what is life insurance and their benefits!

Life Insurance is a contractual agreement between the insurance provider and the policyholder. The insurance policy scheme guarantees that the insurance provider will be paying a sum of money to the beneficiaries in case of the policyholder's demise.<br>Visit us: https://www.policyplayer.com/life-insurance.php

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Know what is life insurance and their benefits!

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  1. Know what is life insurance, types, benefits and how to apply Life Insurance is a contractual agreement between the insurance provider and the policyholder. The insurance policy scheme guarantees that the insurance provider will be paying a sum of money to the beneficiaries in case of the policyholder's demise.

  2. Types of Life Insurance Policies Term Insurance Plan- This insurance provides complete life cover. In simple words, it provides death cover for a defined period. This is the easiest way to ensure the safety and security of your loved ones. Moreover, the insurance premium is minimum. Endowment Policy- This policy offers a mix of insurance coverage and investment opportunity. It is a long-term saving option with a much lower risk. Besides the insurance cover and lower risk, this policy also has the added benefit of providing the policyholder with a lump sum amount if the policyholder survives until the maturity date.

  3. Unit Linked Insurance Plan (ULIP) - This insurance plan offers an opportunity to build wealth and life security. The premium that the insurance holder pays is divided into two parts: One for life insurance The second is for building wealth Also, it is a tax saving option. Money Back Policy - This one is similar to the endowment policy. In this, the policyholders get survival benefits during the policy. This amount is distributed over a period of policy terms like 5-years, 10-years and 15-years.

  4. Whole Life Policy - If you are looking for a much safer insurance plan, then a whole life insurance policy is a good option; this policy extends to the whole life of the insurance and gives the policyholder the leverage to withdraw money against the insured sum. The policyholder also gets survival benefits as a part of this policy.

  5. How to Apply? The process of applying for life insurance is pretty simple. Based on the type of policy you want, you must choose the right insurance provider. Then, compare the premiums, and calculate the insurance before making the final call. You can apply online through Policy Player as well.

  6. Powered By Manoj Miglani Website URL https://www.policyplayer.com/life-insurance.php

  7. Thank You So Much!

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