Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individuals illness or critical illness or death. In return, the policy owner (or policy payer ) agrees to pay a stipulated amount called a premium at regular intervals ro in lump sums,
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (IRDA)
MISSION : To protect the interest s of the policyholders , to regulate , promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto .
What is Life insurance ?
Life insurance is a guratantee that your family will receive financial support , even in your absence. It isa unique investment that helps you to meet your dual needs.
1. Saving for life’s important goals. 2. Protecting your assets.
Life insurance acts as a flexible money-saving scheme, which empowers you to accumulate wealth-to buy a new car, get your children educated ,married and even retire comfortably.
Life insurance also triples up as an ideal tax-saving scheme. It thus permanently protects your family from financial crisis.
No comments:
Post a Comment