Life Insurance Meaning In Hindi. It is good for tax benefits. Life insurance is an insurance that covers the risk of life and pays out an assured sum on the happening of the specified event.
Keeping this in mind we offer a large range of life insurance plans such as term insurance plan, women's plan, health insurance plans, pension plans for retirement planning, child education plans, ulips, saving and investment plans. The insurance sector has gone through a number of phases by allowing private companies to solicit insurance and. Stipulated maximum and minimum ages below and above which the corporation will not accept applications or may not renew.
It is listed in the constitution of india in the seventh schedule as a union list subject, meaning it can only be legislated by the central government only.
Life insurance terms and meaning. Depending on the contract, other events such as terminal illness. An agreement in which you pay a company money and they pay your costs if you have an accident…. Insurance in india refers to the market for insurance in india which covers both the public and private sector organisations.