Do You Have to Be Employed to Get Life Insurance?

You do not have to be employed to get life insurance. There are several ways that you can get life insurance without being employed. One way is through your spouse or partner's employer. A second way is by buying an individual policy from an insurance company. The disadvantage of this option is that it may be more expensive than if you were covered through your employer, but it will give you more flexibility in terms of what type of coverage you want and how much coverage you want to buy...Read More

When was Life Insurance Sector Nationalised?

The first insurance company in India is National Insurance Company. It was established in 1906. Life Insurance Sector Nationalised in the year of 1956.

How many Life Insurance Companies in India?

There are total 24 life insurance companies in India with varying product offerings and prices to suit different needs and budgets.

What is Postal Life Insurance Scheme?

Postal Life insurance was introduced on 1st Feb 1884 as a welfare scheme for the benefit of postal department employees which was later extended to the employees of the telegraph in 1888. Postal life insurance plans cover the life of customers against death or disability and are the same as the term life insurance or any other life insurance products. Postal life insurance online plans offer a different range of products such as Whole life insurance, Annuity insurance, term insurance, etc. Postal life insurance premium calculator is also available in online to calculate the premium of a postal life insurance policy.

Why Life Insurance is Important?

Life insurance is a financial service that pays a lump sum of money to the beneficiary in case of the insured individual’s death. Life insurance protects your loved ones in case of your death and also provides for them financially. Life insurance is one of the most important financial planning tools available in the market. In this pandemic situation, It is necessary to insure with a life insurance policy.

What is Life Insurance Policy?

A life insurance policy is a contract between the life insurance company and the insured customer wherein the insurance company agrees to pay the maturity benefit to the insured or the death benefit to the nominee of the insured in return for a nominal amount known as “Premium” which is to be paid by the insured customer to the insurance company on regular intervals. Life insurance policy includes life cover against any uncertainty tax exemption inclusion of riders and investment tool and retirement.

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