Life Insurance In which the insured gets coverage against death. life insurance, two parties (the insurance company and the policyholder) sign a contract with mutual understanding. A contract of life insurance, the policyholder pays a fee called premium to get coverage against specified events and the insurer pays a fixed sum assured in the event…
Annuity plans provide financial assistance to a person when he reaches the stage of life (in which he cannot work to cover his basic living expenses). After retirement, everyone wants a regular income source that is why many employers set up professional pension plans to provide a regular income source for their employees. This is…
Insurance is a risk management technique and we can consider it as a technique to lead a hassle-free life. Everyone can face financial difficulties in their life. But many of us overlook this fact by saying, “Let it go and leave it to God!” Are you one of them? if yes! Then don’t forget “God…
In today’s uncertain world, life insurance has become a necessity. By definition, insurance is a legal contract between two parties (the insured and the insurer) in which one party (the policyholder) agrees to pay the premium and, in return, the other party (the insurer) pays the sum insured in the event of a loss. does,…