About Us  |  Agent Login  |  Advertise  |  Contact Us   
Policy Partner

About Life insurance

Posted By PolicyPartner.in Team
 

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the "benefits") upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the premium; however, in Australia the predominant form simply specifies a lump sum to be paid on the policy holder's death.

The advantage for the policy owner is "peace of mind", in knowing that the death of the insured person will not result in financial hardship for loved ones.
 
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot and civil commotion.
 
SMS PPR TO 56161
 
Services We Provide
Life Insurance
General Insurance
Investments / Pension
Home Loans
Personal Loans
Business Loans
View All
Related Articles
Tax Planning – Why Wait till end.
LIC lays claim to no.1 in settlements
Apollo Munich health plan
Best Personal Loan Offer
How To Manage Your Loans And Finance
IFSC CODE/RTGS CODE LIST
View All
Knowledge About Insurance
What do we mean by life insurance?
What is the need of life insurance?
Key Benefits of Life Insurance
How much insurance do I need?
Human Life Value
Tax benefits available
View All
About Loans & Insurance
About Life insurance
Debt Management
How To Improve Your CIBIL Score Or Credit Score