Browsing tag: Pension Plan

Life Insurance: Different Types of Policies Available In Indian Insurance Sector


Life insurance is one of the fastest growing financial sectors in India. (India's life insurance sector is the biggest in the world with about 3600 Lac policies which are expected to increase at a Compound Annual Growth Rate (CAGR) of 12 to 15% over the next 5 years). As of now, there are 24 insurance companies offering different types of life insurance policies in India. Why Life Insurance Policy: The primary reason for taking life insurance is to provide financial security for the dependants