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Old 09-05-2016, 12:10 PM
ed.buyer ed.buyer is offline
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Join Date: Sep 2016
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Default Re: Life Insurance Buying Tips

Quote:
Originally Posted by insuranceuae View Post
The life insurance official contract comes under two classes that are, protection policy and investment policy. In case of protection policy, it is typically planned to provide a selected sum in the outcome specified by the policy owner, and the second investment policy is meant to facilitate the policy owner with an increase of capital by regular or single premium. The most ordinary kinds of investment policy under life insurance are whole life, global life and changeable life policies.

Life insurance involves sum assured, which is the amount guaranteed to be paid or allocated in the case of a loss. The plans offered by the life insurance corporation provide a definite amount of money to the insurer in case of life insured dies or becomes disabled due to any accidental case. It only requires paying premium on time and also helps in attaining short term-financial needs like mortgages etc.
read the policy always!
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