A life insurance plan is a contract between the life insurance company and the policyholder in which the company promises to pay a pre-determined sum amount to the nominee in case of the death of the policyholder or after the maturity of the policy. In return, the assured need to pay a premium amount for a certain time. A life insurance policy ensures the financial security of the family of the assured in case of an unforeseen event. Some life insurance companies in India also offer optional rider coverage, such as accidental riders, critical illness riders, etc.

• Contact seller
• Share
• See all ads from this advertiser