Insurance

Riders are simply the add-ons that can be added to the insurance policy to take out extra benefits from the policy, adding a rider means the same as adding extra veggies to your pizza, as there is a choice for adding veggies to pizza similarly there are different types of riders and one can add any of the available riders to their insurance policy, if you want to know more about riders then read this blog.

A Whole life insurance policy is a permanent life insurance policy that covers the entire life of a policyholder as it matures when the policyholder completes his 99 years of age and turns 100, after reading this article you will understand the entire mechanism of the whole life insurance and become capable enough to make a decision either it will be right choice for you or not.

Term insurance is the most popular life insurance policy where a policyholder has to pay a fixed amount of premium regularly to the insurance company for a fixed period as mentioned in the policy against for which insurance company promises to pay the policy’s sum assured to the nominee or legal heirs of a policyholder upon his death within the specified term period of the policy, we have explained the term insurance in a very simple manner, read it till the end.

It is a legal agreement between the insurance company and the policy taker where the policy taker pays out a fixed amount of money i.e. called premium, to the insurance company and in return the insurance company promises to pay him a specified sum of money after a set period (maturity), or to his policy nominee upon his death during the coverage period of the policy.