Life Insurance Policies - Get the Best Insurance Policies in India

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Life Insurance: Overview

Life insurance Policy is a contract between insured and the life insurance company (insurer) for the specified period of time (term) to protect your family against financial risk of your life to the extent of the life coverage (sum assured) by paying a cost (premium) to the life insurance company.

Life insurance is a must for the bread earner of the family, who has dependents. In case of an uncertain death of the bread earner it pays a lump sum amount to the nominee of the life insurance policy, so that the family can continue with the same standard of living even after losing him. Basically we can say life insurance covers the risk of death.

Types of Life Insurance Policies:

It is a pure life insurance cover policy. This policy pays the sum assured only in case of death during the term of the polic... http://insure.ucoz.com/news/life_insurance_policy_calculator/2013-06-12-3341