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Get a Life Insurance Policy for You and Your family
By James Tam on November 12th, 2007
A life insurance policy is something that provides financial coverage to our lives and family. If you are above eighteen and eligible to enter into a valid contract, you can easily get insurance policy. There are many types of insurance policy in the market offered by the companies: these policies are as follows:- Money Back Policy- A part of the sum assured is paid to the policyholder in the form of survival benefit at fixed intervals, before the maturity date and the risk coverage on policyholder’s life continues even after payment of survival benefits. Endowment policy – the face value of the policy either at the time of death of the policyholder or at the time of maturity of the policy is paid. But the premium is much higher than for a whole life policy. Whole life policy- policy holder has to pay a fixed amount of premium every year based on his age and amount insured. This policy provides whole life coverage and accumulates cash values that can be used for emergencies.
Read: economictimes.indiatimes.com
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