Life insurance plans are characterized by the fact that they pay a benefit on death of the insured. The most popular plans have a fixed period of time for which the policy is in force, and death benefit will be paid. Term Life, Endowment, ULIPs, Pension Plans, and Child Plans all have fixed terms. On the other hand, Whole Life Plans offer cover for the entire lifetime.
Not sure which is the best insurer or cover for your needs? Do reach out to us at info@rahfinadvisors.com or contact 9278902902
Life insurance policies protect against the danger of early death. On the other hand, health insurance policies cover the risk of medical emergencies. While life insurance policies provide compensation in the event of death or maturity, health insurance policies compensate the insured if the policyholder suffers a covered medical contingency.
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