Insurance concerned primarily with the protection of an insured's life. Life insurance protects a person against the loss of its valuable lives or key personnel; stabilizes the lie through the establishment of better health and good life.
Life Insurance companies provides full protection against risk of death of the sever and eliminates the 'risk' associated with unfortunate event of death. Life insurance companies provide 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 companies also provide best way to enjoy tax deductions on income tax and wealth tax. it can be used as a investment or saving also.
Insurance is the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. Life insurance protects you and your family person’s life with coverage for claims related to life protection and other life insurance related factors.
Insurance companies may be classified as
Life insurance companies, which sell life insurance, annuities and pensions products.
Non-life or general insurance companies, which sell other types of insurance.
The names of some insurance companies are given below:
- Metropolitan Life Insurance Company
- New York Life insurance company
- Prudential Insurance Company of America
- Life Insurance Corporation of India
- Life Insurance Company of America
- Northwestern Mutual Life
- Mass Mutual Financial Group
- Colonial Life and Accident Insurance Company
- HDFC Standard Life Insurance
- American United Life Insurance Company
- ING Vysya Life Insurance
- Reliance Standard Life Insurance Company
- Tata AIG Insurance
- Sbi Life Insurance Company limited sbi life
- Allianz Life Insurance Company of North America
- Medicare Insurance Plans - Sterling Life Insurance Company
- Gerber Life Insurance Company
