What Happens When You Sell Your Life Insurance Policy?

When you sell your life insurance policy, you are basically selling your life. There are a lot of things that could happen to you in the future that could make it hard to continue living. It is important to think about what would happen if something happened and how much money would be left over after all the expenses were paid...Read More

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.

What is Unit Linked Insurance Plan?

Unit Linked Insurance Plan(ULIP) is an insurance product that combines insurance and investment benefits in a single plan.

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.

What is Whole Life Insurance?

Whole life insurance is the extension of the term insurance policy. In whole life insurance the insurance coverage is provided till the death of the policyholder or till attaining 99 years of age. Since the coverage if for complete life time, it is known as the Whole life insurance. While the term insurance policy has a particular period of time for which the coverage is offered the whole life insurance policy is covered for the life time of the policyholder.

What is Term Life Insurance Plan?

A term life insurance plan is a type of life insurance in which the insurance company pays the claim to the nominee of the insured in case of the death of the insured. The life insurance term plans coverage is provided for a particular period of time which is known as the “term”. The period of life insurance term policy can be anywhere between 5 years to 60 years depending on the type of term plan life insurance policy.

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Procedure for Lapsed Life Insurance Policy

What Happens When Life Insurance Policy Lapses? Know the procedure for Reviving Lapsed Life Insurance Policy. Buy/ Revival of lapsed life insurance policy online now.

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