You can get yourself insured through the help of an agent, which is considered offline mode, or by yourself on your computer, that is the online way. Obviously a lot of people worry and are unconvinced that the online route is the way to go due to the security and reliability concerns, however, it is gaining popularity among youth at a very rapid pace.
Insurance is the shield to bad times that comes in one's life. Life insurance protects your life and provides coverage to the family, in the form of after-death benefits. The death benefits are very beneficial to plan future events for the rest of the family left behind.
A life insurance policy provides you coverage against life risk. The plan can be bought as insurance as well as investment. There are several types of life insurance which provides you facilities according to your choice and preferences.
The insurance industry has experienced different phases from 1818 till date. Globalization brought an evolution to the insurance industry. Before 2000, the government insurance sector had the authority over the market but, 2000 was the year when IRDA came into power and the private sector came into action. Yet there was much more to develop.
Sukanya Samriddhi Yojna and LIC Kanyadan Policy are schemes launched to provide relief to parents bearing girl child. The motive of these schemes is to serve the wishes of parents who want to save money for the higher education and marriage of their girl child through small savings.
A plan that provides life coverage and also acts as savings are always liked by the policy buyers. But selecting from a number of insurance plans is a hectic task. The endowment plan and money back plan to contribute to such plans.
Old age is inescapable. People are often late in planning their retirement and take wrong decisions. One should be prepared with certain saving and insurance plans which can make your old age certainly happier and comfortable.
Smooth settlement of life insurance claim is as easy as buying a policy. All you need to do is be vigilant while you are buying a policy. The process starts with filling up the form and signing the documents. One carelessness can lead to rejection of your claim.
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