Understanding Life Insurance

What is a Life Insurance Policy & How Does it Work?

Types of Life Insurance

Benefits of Having Life Insurance

Important Life Insurance Policy Terms to Know

Things to Consider Before Choosing a Life Insurance Policy

Conclusion

Coming Up Next

Policy Selection

Premium Payment

Risk Coverage

Maturity Benefit

1. Term Insurance

2. Whole Life Insurance

3. Endowment Plans

4. Unit Linked Insurance Plans (ULIPs)

5. Money Back Policies

6. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Financial Security for Loved Ones

Wealth Creation

Tax Benefits

Premium

Sum Assured

Beneficiary/ Nominee

Policy Term

Maturity Benefit

Riders

Grace Period

Claim

Exclusions

Lapse

Free-look Period

Surrender Value

Coverage Amount

Policy Term

Premium Affordability

Lifestyle and Health

Financial Goals

Riders and Additional Benefits

What are ULIPs?