Page 15 - Life Insurance Today January-June 2020

TITBITS OF

INDIAN LIFE

INSURANCE

SECTOR IN THIS

CURRENT ERA

Prologue: Term Insurance Policy only provides the security against
their life coverage but the maturity amount for each policy
Indian economy is in transition over the last one decade or
here is a big zero but in case of Endowment Policy
more, owing to the initiation of major economic reforms
(Traditional or Money Back whatever may be the mode)
affecting almost all sectors. The exemplar shift from a
offers security as well as it is having specific savings
mixed economic organization to a market-oriented
component, and that savings component provides you the
organization has exposed all sectors to an intense
maturity amount along with the bonuses declared from
competition; the Life Insurance business is the most
time to time on that at the time of maturity of that policy.
noteworthy one among them. Life Insurance is an attractive
option for investment.
Insurance is also an attractive option for investment. While
most people recognize the risk hedging and tax saving
Most people recognize the risk hedging and tax-saving
potential of insurance, many are not aware of the
potential of life insurance. People must know while, the
advantages as an investment option as well. Insurance
products yield more compared to regular investment
About the author options and this is besides the added incentives offered by
insurers and that are the advantages of ULIP products,
Anabil Bhattacharya where apart for life security aspects - it has an investment
B.M.E. (1st Class Honours), F.I.I.I., option as well in-built in it.
Retd. Chief Manager, Head Office,
National Insurance Co. Ltd, Kolkata
A life insurance product cannot be compared with other

Once you choose hope, anything's possible.

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