Life insurance is an agreement between an insurance company and a policyholder where the insurer agrees to pay a sum of money (sum assured) upon the death of the insured or at the end of the policy term. There are several types of life insurance plans including term insurance, which provides death coverage for a specified term at low premiums without surrender value; whole life insurance, which provides death benefit coverage for the whole life of the insured; and unit-linked insurance plans, which provide both insurance protection and investment opportunities through units purchased based on premiums paid.

1. LIFE INSURANCE
B.Ramakrishna Goud
PGD17009

2. WHAT IS LIFE INSURANCE ?
Life Insurance is an agreement between an
Insurance-Company and Policy-Holder
where the insurer agrees to pay a sum of
money (Sum Assured) upon the occurrence
of an event(DEATH)to the Insured or on
MATURITY of policy term

3. TYPES OF LIFE INSURANCE
Term Insurance Plan
Endowment Insurance Plan
Whole-life Insurance Plan
Money-Back Insurance plan
Joint-life Insurance Plan
Unit-Linked Insurance Plans

4. TERM LIFE INSURANCE
Only Death-Cover
Specified Term/Period
Low Premiums
Sum Assured is Pre-Agreed
No Surrender Value
 Based on Premium-Payment Method:
 Single-Premium
 Regular Premium
 Based on Increasing or Decreasing Amount of Premium-Payment:
 Level Term Insurance
 Decreasing Term Insurance
 Increasing Term Insurance

5. ENDOWMENT LIFE INSURANCE

6. WHOLE-LIFE INSURANCE PLAN
• Eligible Age between 15years -60years
• Only Death-Benefit
• Insurance Cover for Whole-Life of
insured
• Sum Assured+Bonus(if applicable) will
be paid to Beneficiary on Death of
insured

7. MONEY-BACK INSURANCE PLAN
• Savings & Insurance-Cover
• Percentage% of Sum Assured is returned at
Regular Intervals
• If Life assured Survives the specified term,
he/she will be paid remaining amount
• If Life assured Dies during the term then
Death Benefit is paid which is FULL SUM
ASSURED

8. JOINT-LIFE INSURANCE PLAN
• Life Cover for Two Lives
• The Sum-Assured is paid on Death of First
joint Policy-Holder or Incase of Death of
Survivor during the term
• No Further premiums have to be paid
after Death of First Policy-Holder
• Each Person will be Underwritten
separately
• Premium depends on the Age of Both the
Persons ,getting insured

9. UNIT-LINKED INSURANCE PLAN (ULIPS)
FEATURES:
Insurance-Protection
Investment
Income-Tax Benefits
PREMIUM DISTRIBUTION:
 Administrative Expenses
 Mortality charges
 Investment
The investments in ULIPS are termed as UNITS
NAV (Net Asset Value) refers to the value of each
UNIT of the Fund
LOCK-IN-PERIOD is 5 Years

10. THANK YOU