What Is Life Insurance?
A life insurance policy is an agreement between you (the policyholder) and an insurance company.
You pay regular premiums, and in return, the company pays a lump-sum amount (sum assured) to your nominee if you pass away during the policy term.
Types of Life Insurance
1.Term Life Insurance
2.Whole Life Insurance
3.Endowment Plan
4.Money Back Plan
5.ULIP (Unit Linked Insurance Plan)
6.Child & Retirement Plans
Key Benefits
✅ Financial security for your family
✅ Tax benefits under Section 80C & 10(10D)
✅ Peace of mind
✅ Helps in long-term financial planning
