Shop No. 25 Ground Floor Nawal Kishore Road Hazratganj Lucknow-226001

Life Insurance

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.

Modern life insurance bears some similarity to the asset management industry and life insurers have diversified their products into retirement products such as annuities.

Life-based contracts tend to fall into two major categories:

Life Insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

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Admin Office:- Shop No. 25, Ground Floor, Mirza Tower, Nawal Kishore Road, Hazratganj, Lucknow - 226001, Tel No:- + 0522-4341987 Email ID:-, CIN :- UP65990UP2018PTC111037

Regional Office:- G-55, Shop no.-7, Basement, Royal Palace, Vikas Marg, Laxmi Nagar, New Delhi - 110095, Tel No:- + 011-45511987