Whole Life Insurance Policy

A whole life policy continues as long as the policyholder is alive. Basically it provides long-term financial protection to the dependents.It is particularly usefull as a means of protecting some of the expected wealth transfer that a parent would be aiming to make to his or her children when he or she dies.There are two kinds of policies available particapiting and non-participating. Non-participating policies only offers a guaranteed sum on death and participating policies offers the guaranteed sum assured , bonuses and other benefits. In whole life insurance plan the risk is covered for the entire life of the policyholder, that is the reason they are called whole life policies.

The nominee of the beneficiary are paid the policy monies and the bonus only upon the death of the policyholder. The policyholder does not get any money during his or her own lifetime, that means there is no survival benefit to the policy holder.

LIFE Insurance Corp.- LIC  |   ICICI Prudential Life Insurance India  |   BAJAJ Allianz Life Insurance India  |   BIRLA SUN Life Insurance India  |   TATA AIG Life Insurance India  |   HDFC Standard Life Insurance India  |   RELIANCE Life Insurance India  |   SBI Life Insurance India  |   OM KOTAK Life Insurance India  |   MAX NEW YORK Life Insurance India  |   METLIFE Insurance India  |   ING VYSYA Life Insurance India  |   AVIVA Life Insurance India  |   BHARTI AXA Life Insurance India  |   SAHARA Life Insurance India  |  

 RELIANCE General Insurance India  |   ICICI Lombard General  |   BAJAJ Allianz General Company  |   TATA AIG General Insurance  |   HDFC CHUBB General Insurance  |   IFFCO TOKYO General Company  |   ROYAL Sundaram General  |   CHOLAMANDALAM General  |   STAR Health Insurance India  |   ORIENTAL Insurance India  |   NATIONAL Insurance India  |   UNITED INDIA Insurance India  |   NEW INDIA Assurance India