Types of Life Insurance Policies

The Life insurance policies can be classified into the following types.

1. Term Insurance Policies
2. Unit Linked Policies ( Popularly known as ULIP)
3. Money Back Policies
4. Whole Life Policies
5. Endowment Polices
6. Retirements Benefit / Pension Policies
7. Children Insurance

There are various kinds of Insurance policies floated by the companies with different names. You must have heard about the Hot selling policies like Kotak Smart Advantage Plan (KSAP) by Om Kotak, Jeevan Anand by LIC etc etc . Name does not relate to anything and so it should not be a criteria for selection. Just check where it fits in, is it a ULIP or Whole Life and does it fulfill your requirement.

Click on the Policy type to get more information.