LIFE INSURANCE

Life insurance is a way to financially protect your loved ones in case something happens to you. It's like a safety net that you set up with an insurance company by making small payments, called premiums, to the insurance company. In return, the insurance company promises that if something happens to you and you pass away, they will give a lump sum of money, called the death benefit, to your family or whoever you choose. Life insurance gives you peace of mind, knowing that your family will have some financial support if the unexpected happens. FCI is associated with Life Insurance of India and HDFC Life.

What are the types of Life Insurance?

Term Life Insurance

Term life insurance is a type of life insurance that provides coverage for a specified period, or term. If the insured person passes away during the term, the insurance company pays a death benefit to the beneficiaries.

Whole Life Insurance

whole life insurance is like having a lifelong insurance policy where you pay a fixed amount regularly. It provides financial protection for your family when you pass away, and it also comes with a savings component that grows over time. Whole life insurance lasts for your whole life. It doesn't have a specific time limit like term life insurance.