Life insurance, sometimes referred to as life assurance, provides for a payment of a sum of money upon the death of the insured. Life Insurance is insurance that provides a financial remuneration on the premature death of the policy holder. As in all insurance, the insured transfers a risk to the insurer, receiving a policy and paying a premium in exchange. The risk assumed by the insurer is the risk of death of the insured.

Life Insurance - History
Life insurance started in India for 100 years ago. It’s a contract payment of an amount to the person or his nominee on miss-happening. Or provides full protection against risk of death of the sever. Its eliminates 'risk' associated with uncertainty and the family in the unfortunate event of death. Life insurance provides for the payment of benefits upon the death, whether by accident or otherwise, of the life insured. It allows long-term savings and easy installment facility payment for insurance is monthly, quarterly, half yearly or yearly. Life Insurance is also a best way to enjoy tax deductions on income tax and wealth tax. It can be used as an investment or saving also.

Life insurance provides the Flexibility in means of deciding how much life insurance you need -- and subject to certain requirements and limitations, you can adjust the death benefit and premium payments according to the needs. It also provides Security in means of protecting our loved ones against possible financial hardship in the event of the insured's death.

Tax-Free death benefit -- Under current tax laws governing individual life insurance, it precedes generally income tax free to the beneficiary. Our policy’s Account Value earns interest at the company's current interest rate. The current interest rate is guaranteed to be at least 4% a year.

Types of Life Insurance

1 Term insurance
2 Whole Life Insurance
3 Universal life insurance
4 Variable life insurance