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Types of Life Insurance Policies in India

Types of Life Insurance Policies in India

In addition to life insurance policies, some of the insurance companies also offer

the Pension Plan which is a product that allows you to plan for a recurring income to meet your expenses after your retirement. Under this plan, typically you pay a premium over a specified period. Upon maturity of the policy, you receive a sum of up to 25% of the cash value of the policy as immediate income, while the remaining value can be invested in an investment fund that pays out a sum of money regularly (the periodicity can be chosen by you monthly, quarterly, half-yearly or annually) to you. This sum can be paid out perpetually (i.e. till death) or for a fixed period depending on the options chosen by you.

Types of Life Insurance Policies in India

By: bharat prajapati
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