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Life insurance of India – Simkin Investment
Simkin Investment was started by Sneha Manjrekar by becoming an Agent of LIC of India in the
Year 2001. We believe more in service to our valued customer by Providing Expert Guidance To
each individual. Help them to plan their INVESTMENT according to their future Plan, Interest,
availability of Funds & are always with them both in Good & Badtimes.
Life insurance policies in India offer two kinds of benefits. Most life insurance policies offer a huge
sum in case of death of the insured person. This is the most basic and most affordable form of life
insurance that can be available by major population of India very easily. However, the permanent
insurance policies in India offer excellent form of capital investment to grow your funds, enjoy life
cover in case of death and offer financial reward in case of survival. In other ways, it offers return
on investment and security of life insurance at a same time.
Medical insurance, which is also known as health insurance, is another form of much needed life
insurance in India. Though, there are several companies and features available in health insurance
policies, you need to choose the needed features that you might need in case of the medical
emergency. Most people choose cashless schemes, hospitalization and operation care, ambulance
charges, post-hospitalization medical care, health checkups, hospital cash benefit, etc. Though, the
applicable details would vary with every claim, you must have right insurance policy for your
health and financial circumstances. In other words, if you have any pre-existing illness, major
medical insurance policies do not cover them. However, these days, there are specially designed
health insurance policies that cover pre-existing conditions.
The present day private and public life insurance companies in India are providing mainly two
types of life insurance policies, they are term and permanent.
When it comes to the permanent life insurance policy, the policy takers must know that it will be
never cancelled by the company up to the maturity of the bond, even if the insured failed to pay
some of the premiums regularly except misleading the company by providing false information in
the application form. There are many advantages of going for this policy like the insured can
withdraw the money he paid to the company and he can also apply for a loan or borrow money by
using the policy. He will get more amount than what he paid, when the bond matures. The main
sub-policies of the permanent life insurance are the endowment, universal and whole life.
If you are looking to take a life insurance policy, at first, you should decide the best one in these two
policies like term and permanent depending on your age, premiums and policy amount. It offers
financial help to you and your family members without borrowing money from anyone besides
helping you to lead a tension-free life.