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.