Insurance is always preferred for a person who is responsible for bread & Butter for his/ her family. So that a financial support (sum assured) can be provided to family in case something mishappen to him/her by the insurance company. Now it depends upon the individuals requirements & future goals for selection of the type of the plans. But those who are not insured are recommended to have a pure insurance plan like a term insurance plan to secure their family. It is also recommended to have sum assured upto 10 to 20 times of the annual income. In term insurance if the insured person survives at the end of terms of the policy, nothing will be paid by the insurance companies. Various types of Life Insurance are listed as below:
Life Insurance Plans
Life Insurance Plans
- Protection/ Term Insurance Plans
- ULIP Insurance Plans
- Child Insurance plans
- Insurance Plans with Saving/ Income Protect/ Money Back etc.
- Pension Plans
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