Money Back Plans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There are essentially two types of life insurance plans, ones that offer pure protection, and others that focus on wealth creation and are a mix of insurance and investing.
So while the former only offer benefit on the death of the insured, the latter offer proceeds even if the insured survives the term or through the course of the term. Within each category, there are several variants, and depending on the payout, these serve different purposes throughout one’s life.
Term insuranceIt is the simplest, most basic protection plan that covers the risk of death. In case of untimely death of the breadwinner, the family or nominee gets the sum assured as a lump sum. These plans are usually till 85 years of age. ....

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