TRADITIONAL LIFE INSURANCE POLICIES

In market there are different types of Life insurance policies are available for the different requirements of the peoples. A few popular are described below for all just to have an idea and choose whichever suits your requirement. TERM POLICY Term Life Insurance Policy is as its name suggests is taken for a specific term or a period of time and if the insurer dies during this period the nominee will get the sum assured.  This policy is...

Read more...

History of Life Insurance in India

History of Life Insurance in India Life insurance business in India begins in 1818 with the establishment of Oriental Life Insurance Company in Calcutta, but failed in 1834. The Madras Equitable had started the life insurance business in 1829 in Madras Presidency. The British Insurance Act came into effect in 1870. The Bombay Mutual (1871), Oriental (1874) and Empire of India (1897) were started their business in the Bombay Residency....

Read more...

Life Insurance for You

Life Insurance for You, Importance of Life Insurance,How much is enough Life Insurance for you is a way to protect your survivors and dependents against financial hardship. It’s a means of spreading financial risk among a large number of people who pay into a fund or pool. In this the cost is minimized for those who suffer an unexpected misfortune. A life insurance contract or policy is a legal agreement between you and an insurance company...

Read more...