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Choose Best life Insurance Policy

A life insurance policy is a secured way of protecting your family financially in the unforeseen eventuality of your demise, or disability or critical illness by means of certain add-ons. Letu2019s have a look at some of the options you can consider according to your requirements in life insurance. Click to know more https://www.coverfox.com/life-insurance/

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Choose Best life Insurance Policy

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  1. Choose Best life Insurance Policy

  2. Life Insurance is an arrangement between the Insurance company/Government which guarantees of compensation for loss of life in return for payment of a specified premium. In Life Insurance, the beneficiary whose name has been mentioned in the contract receives the specified sum, from the insurer in case of happening of the event i.e. Loss of Life. In this article we’ll see:

  3. Benefits of Life Insurance • Risk Coverage • Difference plans for different uses • Cover for Health Expenses: • Promotes Savings/ Helps in Wealth creation • Guaranteed Income: • Loan Facility • Tax Benefits

  4. Types of Life Insurance Policies • Endowment policy • Unit Linked Insurance Plan • Money Back Policy • Whole Life Policy • Annuity/ Pension Plan

  5. Life insurance Policyis an important investment as it works as a safety net for the insured’s family after his/her demise. Currently, there are 24 life insurance providers in the country with product line-ups consisting of term plans, endowment plans, ULIPs, etc. The premium rates for insurance differs between plans and is based on the applicant’s age, income, medical history, sum assured, and other such factors.

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