Whole life insurance is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. Whole life insurance is one form of permanent insurance and is very different from term life insurance, which provides coverage for a specified period only and does not build cash value. Where … [Read more...] about Whole Life Insurance Policy
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How many Indians are covered by life insurance?
Life Insurance: Why Indians are living dangerously How many Indians are covered by life insurance? According to Irdai’s Handbook 2016-17 (Table 9A), 32.81 crore of policies are in force in the books of life insurance firms in India. Even if we assume that a few lakhs of policies were revived during the year, the total number of in-force policies will not be more than … [Read more...] about How many Indians are covered by life insurance?