Stock Market India, Paisacontrol.com

Life insurance products are usually referred to as a ‘Plan’ of insurance. These plans have two basic elements. One of the “death cover” &the other is “Survival Benefits”. Plans of insurance  that  provide the death  cover only  are called  “Pure Endowment”.if the insured does not die within the specified  period ,no payment is made under  a endowment  plan. All traditional life insurance plans are combination of these two basics plans .A term assurance plan with an unspecified period is called a “Whole Life Policy” In recent time” linked policy “have become popular. These are very different from the traditional plans. We have different types of plans in insurance policy like A Convertible Plans, Children Plans, Variable Plans, Industrial Assurance Plans ,Salary Saving schemes etc.