Life Insurance, Overview of various aspects of life insurance in India

Life Insurance
Life insurance plays a crucial role in providing financial security and protection to individuals and their families against unforeseen circumstances such as death, disability, or critical illness.

Overview of various aspects of life insurance in India:
Types of Life Insurance Policies:Life Insurance
1. Term Insurance:
Provides coverage for a specific period (term) and pays out a death benefit to the nominee in case of the insured’s demise during the policy term.

2. Whole Life Insurance:
Offers coverage for the entire life of the insured and includes a savings component with a cash value that grows over time.