Service Description

• Life insurance is a contract between a person and an insurance company that provides financial protection to the person’s family or nominees in case of the person’s death during the policy period.
• Under this plan, the policyholder pays regular premiums, and in return, the insurer promises to pay a fixed amount called the sum assured to the beneficiaries if the insured person dies while the policy is active.
• Some life insurance plans also offer additional benefits such as savings, investment growth, or payouts on policy maturity if the insured survives the term.
• In simple terms, life insurance ensures that a family does not face financial hardship after the loss of their main earning member.