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Life Insurance Industry Of India And What People

Life Insurance industry of India and what people believes about it.

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Title: Life Insurance industry of India and what people believes about it.

Essay Details:

Subject: Miscellaneous

Author:

Date: January 20, 2016

Level: University

Grade: A

Length: 2 / 424

Essay text:

Today the 2 uses or benefits for which the people take insurance are: 1. Protection for the family. 2. Tax deductions. Usually the person who owns the life insurance policy is the person who has to pay the premiums and 95% of the policy cases the owner of the policy has the right to exercise control over the policy. There are many life insurance policies like term plan, endowment plan, money back plan, whole life plan, pension plan but the most famous plan which the most of the insurance companies is trying to sell is the ULIP i.e. United Linked Insurance Plan and specially by private life insurance companies and when we talk about India still 90% of the population is uninsured which in itself tells that there is a huge potential in this sector...

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