It is guarantee of compensation against losses agreed upon in given policy contract, ensured to an individual or an entity.
1 ) Term insurance. 2 ) Whole life insurance. 3 ) Endownment policy. 4 ) Money back policy.
5 ) Unit linked insurance plans [ ULIP's ]. 6 ) Pension plans. 7 ) Child plans. 8 ) Health insurance.
Everyone’s situation is different and much consideration must be given before deciding to buy and an insurance. Always buy from reputed govt. authority approved insurance company.
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