Choosing from the different types of life insurance in India is a crucial financial decision, as it helps you protect your loved ones from life’s uncertainties. Still, you may not be fully aware of the types of life insurance policy in India and how they affect your financial health. Let’s check the types of life insurance and their benefits in detail below.
Also Read: Benefits of Term Insurance
Different Types of Life Insurance Policies in India
Following are the types of life insurance available in India: [1]
- Term insurance
- Term insurance with return of premium
- Unit Linked Insurance Plans
- Endowment plans
- Moneyback policy
- Whole life insurance
- Group life insurance
- Child Insurance Plans
- Retirement Plans
Let’s dig deeper into these categories to understand how to choose one of the types of life insurance policy in India
Read More :- https://www.maxlifeinsurance.com/blog/life-insurance/different-types-of-life-insurance-explained
