Life insurance is one of the pillars of personal finance.
Life insurance is a protection against financial loss that would result from the premature death of an insured.
Life insurance is a risk management tool.
If anyone relies on you financially, you need life insurance.
There are different types of Life Insurance policies :
- Term insurance
- Endowment plans
- Unit linked insurance plans (ULIP)
- Whole life policy
- Money back policy