Insurance is a basic form of risk management which provides protection against possible loss to life or

physical assets. A person who seeks protection against such loss is termed as m
{ and the company
that promises to honour the claim{ in case such loss is actually incurred by the insured{ is termed as

. In order to get the insurance{ the insured is required to pay to the insurance company (i.e. the
insurer) a certain amount{ termed as m{ on a periodical basis (say monthly{ quarterly{ annually{ or
even one-time).

m

  | Products Offered
Insurance against risk of loss to one's life is covered under Life Insurance. Life insurance is also known as
long term insurance or life assurance. It includes Whole Life Assurance{ Endowment Assurance{ Assurances
for Children{ Term Assurance{ Money Back Policy etc. To buy or get information on life insurance products
offered by us{ please click on the link above.

 
  | Products Offered

Insurance against risk of loss to assets like car{ house{ accident etc. is covered under General or Non-life
Insurance. General insurance includes fire insurance{ marine insurance{ motor insurance{ theft insurance{
health insurance{ personal accident insurance etc. To buy or get information on life insurance products
offered by us{ please click on the link above.


m m

   m

   
 
Life insurance includes plans which are directly related with the person's life. On the other hand{ general
insurance deals with plans which are not related to the life of the person. General insurance plans seek to
provide protection against loss to a person's assets or health and not to his/her life. To learn more about
different types of insurance policies{ please click on the link.
c


       
c

¦


   


   



 
 

   !"



# 
$  %  &'
(
)
*
+

  () ,¦
 
 

+ 

 *

  +
 +

 *
+
 -   
 +


   
 +
.

  

 
 ,¦


-
 
 *
/

, 
 


',"

 


 
 
0 

-  
 
 

 

 

 +
, 
  
 
. 
 *
+

,¦


* 
 


  /

,1-+

 

,2 
 

 

,¦
+ 

 

,3
4 
 


,5  

 

,"

 

,*
¦
+

 

,

 
 


,6  




"


0 
 *
+
*
 



*

   

 
7   -
,
¦
+8
+
 *






  
/

,9+



,9
 


,3


,¦*



Some of the well known Insurance Policy India are:

Social Security Group Scheme ±
+
 *
 

4!:

 
(, :::
 (,' :::

 

 ,

Shiksha Sahyog Yojana ±
+
*  
    
(,::
;

   *

 
,

Jan Arogya Bima Policy ±
+



< 

(,&: 
  (, :,¦
 +  *

  .
(, :::

+,

Mediclaim Insurance Policy ±
+
 *
 

+ 4:

-  .

 (::::,

Jana Shree Bima Yojana ±   *

(':::
 
( :::: 

 ,¦

+ ++  .
(,'::
 
+
+
,

Videsh Yatra Mitra Policy ± 
+
 *
 +
 
.

 


 *

*
,

Bhagya Shree Child Welfare Bima Yojana ±
+
 *
 
 
 + 

- 




.

!:

-  
+ +(, 
+,

Raj Rajeshwari Mahila Kalyan Yojana ±
+
*  
 
-+ 

:& 
-   
(,' :::

+ +(, 
+,

Ashray Bima Yojana ±
+
 *
 -
  
8,


 

=
+
> 
 0
+


*
 
> 

&:
,
 *


 
 :::: 

 ' :::    ,
¦"
= 


  
* 
  

 
  '::,8 *


-

¦"
&<?
+
 
 " ,"'!?
¦
"
=  - 

  
 




,¦
 
 
  -¦" 


+ + 
-




 
  -¦"
"


+ + 
,

AVIVA Life Insurance4

@@ 



 
 +
   
8 *


-



-
 
)



 
6>* * ,@@ 

 
.
 *


-':
<:# 

 

 ::: 
- 
 ,¦


+
 ::::
A  
 * 
A
- @@ 

,

*  
 (
 
+
9
 =* 

 (,

MetLife Insurance4

3
 
 
+ + 
 

  


,8 *


-


5++> + #3,

8 ,
 *
 + 

 *
 *
3
 


 9  ,3
 


- 

  
   +
   3
= 3
= ¦(B
3

3


3
= 

 ,  
 

*
!::   
 ,3
  ::::A  * 
-3
 
,

ING Vysya Life Insurance4

$"@ 




 
  
  
=

+
'::,8 *


-

$""+8
+

1. 

1+"$"@ 


 -

* %,


 

¦

 A
  

 ,¦
  
 
 '< 
 
 
 !!

+,B

 


 +
 
!::::* ,
$"@ 

 
-  +

 ':: 
 *
,

Birla Sun Life Financial Services4

# = 
A  =
*
 8 *


-

 # "
= 
A   , 
.
 *

-+

 !::
,3
 & :::
+

* -# 
= 
-  
 *
*
'+   *
,

MAX New York Life4

3.$
-C 

+, 

 

+
  ,8 *


-

3.  + 
$
-C
 

 
A
:: +4$
-C 
3.
$
-C 

+,
 
   '::,

 & 
 
  
 
 ,
 & '
* ,3.$
-C 


 -  *
  

  
,

Bajaj Allianz4

#88 % 8 *


-

#88A 
* + 
 %=1
-

#88A 
* + 
 &<?

-

 %=1 


'!?
,#88 % 


 (   
  +,¦
 +
*
- ?-  
+ +
 +
(,'!! 
3 '::,

Bharti AXA Life Insurance4

#  D 



 
 +
   
8 *


-

#  -

D,#   &<?

-

D 

'!?,#  D  

 
 '
 
 ,

  * 

   +
,
+
 :::
+

-
#  D 

,

¦ypes of Life Insurance

¦   
 
   *

  
*  
  +   

*
   
 ,   +
 
   

 
+
E*    +
 4
 
,  

     
 -   
 *

         


 
+

  ,

¦

 
  *
  
 * 
  
 +
   + ¦
+
1-+
  2 
  
 
  3
 # 

 6
 

 ,
7

- 
 

     



 
 ,

¦erm Insurance

¦
+ 
  
 +
 +
    
  
    

-
 

+ ++ 
,C 



 


+- - 
 *

 
,

+

 .
  

 
+
 , 


 +
 
   


 -  

*
 
 

  + 

 


+ 
 


+
,

C  + 
 ¦
+  
 
 -   
      
   

 2 *


+ + 
)
 ,

Endowment Insurance

1-+
 
  
   *
    

    
 

8


 

  +
 +
 
 
 +
,

1-+




-

 
F  

  -   
 + 

*
  


  +  
   
 
 
 
,
Whole Life Insurance

2 
  


 *
   .

 
  
  F  
 
 


 
.       
 +
 

 , ¦
   
  

 
+
   
 -  
 +
 ,
,

 * *


 ,¦   
 
 

* 


,

 + *
 2 
  
 
 
 

 
  

 


  *
 .
-
+ +,

Money-Back Plan

3
4# 


*




+

 
 
 +

 ,3
4# 
 
 
- 

   * 
 4 
 *
* ,

 

  4
+ *    -    

 
  



  
 
    


.
+ + .
.
 



  ,

ULIP

6 4 
 

 6
 
  
  *
 
 


  

 
 + 
 
 

    
 
 

-   + , 
    
 
+ +  *

   


; 
G
 G  
 
  
  * 
   


+
+

.

,

Pension Plan


 +

- 
 4
-+
 

 
, 1-+
  *
   .
  +
    
 
 


*
-,

6 4 
  
 +
 
. 
, C      
 : 


- 

 +   
*
 
,C 
 

.
 
 +
  
 

- ,-
   




,

Riders: Comprehensive coverage

     
 
    
  +   -   

    *
 -  
   
/  


   
 
-   
 ,

1.+
 
  

¦
+ 

 
)
 #

  

 
    
  
,    
    
   


 
+

 *
 
 *
,

2
  
  
 
 -   
+






.    
  , A
.+
 
 ¦
+ 
  



 ++  
-


 
-  

+


  ++

+

+ 
 *
 -  
+
*  ,
,

+ 

   +
+
,

B 
 
+ +     
 
  
  -  
 

F 



  

.

  

 
  
 *
,

 +       
 
  
*
 +
 +  

+ + +
, 
 
 +* 

 
-  

 
   :  ,
,  
   :  
 
  
  

 ,

¦
 
 
+ +  

 , 




 
   
 
 
  
 
   
   
 
 


   
 + 

 
  +       
  

+ +,¦ *  

 
+  + 

  

 
 ,

 

 
   +
 7
 

    
  
  


  
   + , + 
 -   
    

 
 +

 ,

"

 
 
/


åome Insurance
1*
 +   
+  -  
 
 , A    
 

- 
  
 +
*   
,
 
 
 +   

 ;
,

åealth Insurance
      
  +  
 
  
  , 9

   *

+  
 , ¦

   
  *
   
,

Motor Insurance

  + *

  -
  
  *
  
  -   * 

, 9

      
 
 *

 
,

¦ravel Insurance
¦*
 + 

+- 

-,
2    
     *  +
  +
 

 

+  
8

. 
-
,


Secondary functions of insurance

á Preventing losses 0 
 -  *    
+
 
+
  
 
*
 

*


+  
* 
   F  + 

+
+
 ,
á Covering larger risks with small capital 0 
 
 
  
+
 + 
 
*
+
,¦  
 ++
+ + 
 
,
á åelps in the development of larger industries 0
 * 
   
*
  


 
-  *
+
  

 ,


c