by manish pandye
Published Tue, Mar 28th 2017, 17:36 | Finance
Life insurance is one of the biggest investment vehicles in the economic environment and we expect the industry to fare reasonably well in near future. Factors like rising income of middle-class section, young insurable population and growing awareness of the need for financial protection will surely lead the path for the growth of life insurance in India.
With Indian insurance industry booming at a constant pace, it's been turning as one of the most preferred investment destinations for foreigners. Since Indian insurance market was opened for private players in 2000, several national and international players are competing and increasing their operations in India.
Life insurance policies in India offer two kinds of benefits. Most offer a financial cover in case of death of the insured person. It is the most basic form of life insurance in India that can be purchased either manually or by visiting company websites.
The second type of benefit offered by insurance policies are an excellent form of capital investment to grow your funds, get a life cover in case of death and offer financial reward during your survival in the form of maturity earnings. In another words, it offers a return on investment and security of life insurance at the same time.
The insurance segment has witnessed rapid growth along with various moderations and intensifying competition. There are number of products and innovation necessitated by consumer needs and increased competition amongst the players. The strong industry fundamentals augur well for a roadmap to be drawn for sustainable long-term growth.
Online comparison helps you acquire rates, benefits & features of various insurance companies in India under a single umbrella. It helps you save time and energy you had to spend in visiting companies, collecting brochure, pamphlets or information leaflets for calculations. Once you have the quotes, compare the offers of different life insurance provider and then go for a suitable purchase.
Life Insurance Plans are now committed to offer customer-centric products, design them based on consumer needs, ethical market conduct, transparency, and governance.
Tags : Life Insurance, Life Insurance Policy, Life Insurance Plans, Life Insurance in India, Best Life Insurance Policy, life insurance policies