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Maria Rodriguez   31 January 2023

What are the different life insurance policies? what are the benefits of life insurance policy?

What are the different life insurance policies? What are the benefits of life insurance policy?



 4 Replies

P. Venu (Advocate)     31 January 2023

The posting, rather the heading, suggests no legal elements.

kavksatyanarayana (subregistrar/supdt.(retired))     31 January 2023

Yes.......................................................

Dr J C Vashista (Advocate)     01 February 2023

You have opted "wrong" platform. It is not any inquiry but legal site and your query do not have any legal problem.

Seek advise of an insurance agent or development officer.

Sonali Negi   29 May 2025

There are different types of life insurance policies to meet various needs:

- Term Insurance – Pure protection plan; pays money to family if you die during the term.

- Whole Life Insurance – Covers you for your entire life.

- Endowment Plan – Offers life cover plus savings; gives money on maturity.

- ULIP (Unit Linked Insurance Plan) – Combines insurance with investment.

- Money Back Plan – Gives regular payouts during the policy term along with life cover.

Benefits of life insurance policy:

- Financial security for your family.

- Loan protection – helps pay off debts if something happens to you.

- Savings and investment benefits in some plans.

- Tax benefits under Section 80C and 10(10D).

To explore and compare all these options in one place, you can visit Policybazaar Life Insurance for simple and quick policy selection.


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