Life insurance or life assurance is insurance that guarantees a specific sum of money from the insurance company to a designated beneficiary upon the death of the insured, or to insured if he or she lives beyond a certain age. In return, the policy owner (or policy payer) agrees to pay a predetermined amount called as ‘premium’ at regular intervals or in lump sums. There is a wide array of life insurance products specially designed to suit individuals, adults, children, retirement planning employees and corporate people. Buy life insurance policy according to your specific requirements and stay covered.
