What is insurance?

Insurance is a type of contract that you will have with different companies and you will deposit a certain amount of money for a certain period of time and over time the insurance company will give you a bag with that money interest so you have to choose the insurance according to your own needs.

The reasons why a person invests in insurance are mentioned below

• Financial security at the time of death
• Child education
• The sure future of the child
• Child marriage
• To build a new house
• To buy a car
• Retirement plan
• For a fixed term deposit and return with interest
• Life insurance

For the reasons mentioned above, a person insures insurance and the insurance paying company where you will insure

Let's not know how this insurance policy works

Terms Life insurance

The simplest type of life insurance policy is the term life insurance plan. This is totally a risk cover plan. Life is covered through this. Of all the life insurance policies, the term life insurance plan is the most profitable.

Unit Linked Insurance Plan

This type of unit is a perfect combination of linked insurance plan investment and insurance. Here investors can invest in different funds of their choice.

Endowment Plan

An endowment plan is a traditional life insurance policy, a combination of insurance and savings. In this endowment plan, if the insured survives longer than the policy period, the insurance company pays maturity benefits to the insured.

Money Back Plan

With Money Back, investors can easily meet short time financial goals. Here is the benefit of return on time with insurance.

Whole Life Insurance

This type of life insurance covers the entire life of the insured. In some cases it covers up to 100 years. This type of life insurance guarantees full life.

Friends, thank you very much for reading our article. We hope you have a good idea about insurance. Thank you for being with us through this article.