When an individual thinks of securing the life of his/her family, life insurance is the first thing that comes to mind. An insurance policy requires an individual to pay a certain amount of sum (premium) on a regular basis or complete amount in the beginning (single premium). In exchange of these payments, the insurance companies promise to a particular sum to the family of the policyholder in case he/she dies.

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Life Insurance : A Necessity In Life

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Compare Policy is an IRDAI licensed Insurance Web Aggregator, providing insurance buyers an
online platform to compare and choose the best-suited plan. We offer our customers with the
opportunity to compare premium rates for all leading Insurance players, compare their prices, key
features and make an informed buying decision.
Our technology enriched, smooth comparison engine provides unbiased information which is user-
friendly. We, at Compare Policy, are committed in providing the best insurance solutions to our
customers with the help of our team of experts. Our highly experienced expert team assists the
customers with the best insurance deals, which is hassle free and best fit, in the quickest possible
time. We are partnered with all Top Insurance players in the market.
Established in the year 2015, Compare Policy has managed to reach out to a considerable number
of customers across the country within a short span of time through our dedicated and convenient
services.
About Us

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Overview Of Life Insurance
 Most popular form of insurance.
 Provides financial cover to the family in case of demise of insured person.
 Supports family to hold financial status.
 Assured sum given on death of insured person or maturity of the policy.

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Protection of Family
o Financial support to the family in case of death of insured person.
o Provides lump sum amount to the family.
Education
o Assists child education in case of demise of parents.
Need Of Life Insurance

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Need Of Life Insurance
Retirement Benefit
Regular income flow after retirement of the earning person.
Illness
Recover losses by providing extra income in case of illness of earning person.
Lifestyle
Maintains financial status, lifestyle and meets other financial obligations.

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Advantages Of Life Insurance
Financial Needs
 Best option for only
earning member in
family.
 Fights against
contingencies by
providing lump sum
amount.
Investment Option
 No risk of losing
money except the
premium in term life
insurance plan (on
expiry of the plan).
 Diversifies savings and
investments.

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Insurance as Collateral
Advantages Of Life Insurance
• Collateral security for drawing
loan from any financial
institution.
• Repayment of loan by insurance
company in case of
demise of insured person
Repayment of Loan or other
expenses
• Repayment of loan amount
from the life insurance
amount.
• Beneficial for other expenses
requiring lump sum amount.

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Tax Benefits
Life insurance
premium exempted
from tax u/s 80c of
the IT Act.
Accidents/Critical Illness
Payment imparted on
death, disability and
critical illness of the
insured person.
Advantages Of Life Insurance

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It is mandatory for
every earning person
due to the dependence
of entire family and
gives financial support
to the family.
Conclusion

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