Types of Insurance Policies In India: Life Insurance vs General Insurance

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Insurance policies

Insurance policies can broadly be classified into three major groups which are general insurance, life insurance and other insurances.  Life Insurance Life insurance is the most popular type of insurance in India. This type of insurance applies to the life of an individual in case they die during the term of the policy. With life insurance policies, only when a … Read More

What Is Term Insurance And How Does It Work?

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term insurance

What Is Term Insurance? Term insurance pays a death benefit to one’s assigned family member if one dies during the term of their policy. A term insurance is a type of insurance an individual can opt for a certain time period.  Term insurances are provided by most insurance providers in India for terms like 10 years, 15 years, 20 years, … Read More

How to Find LIC Policy Number by Name and SMS

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How to find LIC policy

Life Insurance Cover (LIC) is a policy offered by the Life Insurance Corporation of India. The primary purpose of an LIC insurance is to issue/provide financial security (or) protection in case of sudden demise of an Individual. Upon one’s demise, the insurance can be claimed by the respective family members. Hence, it is of utmost importance for every Indian citizen to apply for … Read More

Life Insurance Comparison: How to Choose the Right Life Insurance Policy?

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life insurance comparison

Life Insurance is an essential financial product to give protection and financial stability to your family. There are several different life insurance products each with its owns pros and cons. What is ideal for you depends on your own personal situation and your requirements for a safety net. Life insurance policies can be broadly classified as: Protection plans and protection … Read More