Life Insurance

Life Insurance is not only protection plan but it is also a good investment option which gives good return along with tax benefits. It is a protection against any loss incurred to the individual. If individual has life insurance policy, he has to pay certain premium for a certain time. People go for life insurance to cover their life and to secure the future of their family. In case of any mishappening to the policyholder, the family gets the amount and the benefits of the policy.
Bimadeals doesn’t influence customer decision by giving any type of product comparison; ranking etc. Bimadeals intends to help the customer in getting the right plan according to his suitability with minimum effort.

Life Insurance caters to your following requirements:

• Financial Security to your family
• Investment & saving options
• Protection of your home mortgage
• Saving options for Retirement through Pension plans
• Saving options for Children through Children Insurance Plans
• Tax benefits

Types of Life Insurance:

• Term Insurance: Term insurance or term plan is life insurance which provides coverage at a fixed rate of payments for a limited period of time. One of the most striking features of this plan is its Premium rates which are very low along with the maximum sum assured. As and when the policy expires, you don’t receive any benefits at the maturity. Beneficiary gets the amount if policyholder dies.
• Endowment plans: Investment +Protection=Endowment Plan A form of life insurance that provides for the payment of a specified sum directly to the policyholder at a designated date or to his beneficiary if he die before maturity date. Unlike Term Plans which don't offer maturity benefits Endowment Plans provide benefits when the policy expires.
• Whole Life Insurance: The Whole Life Insurance Plans are Permanent Insurance Plans which run as long as the Policy Holder is alive. The Insured pays the premium amount throughout his life time. The beneficiary of the policy receives the coverage amount plus the interest & accumulated bonus only at the time of Insured's death.
• Retirement Plans: Pension Plan is basically called savings or annuity plans wherein the policyholder saves for his retirement by accumulating a corpus which is received at the time of the retirement. The policy holder either pays in lump sums or at regular intervals over a certain period of time.
• Children Plans: A saving plan for your child that is designed to provide money at key educational milestones. Protect your child’s dreams and save for his / her desired future with child plan. These plans offer financial security to children in the form of savings combined with life insurance by paying at regular intervals so that the money available to your child at pre-determined stages.
• Unit Linked Insurance Plans (ULIPs): A ULIP is a market-linked insurance plan. The difference between a ULIP and other insurance plans is the way in which the premium money is invested. Life insurance where the cash value of a policy varies according to the current net asset value of the underlying investment assets. It allows protection and flexibility in investment.

Life Insurance Companies and their Plans in India:

LIC / Life Insurance Corporation: LIC Policy provides insurance plan according to individual's need. LIC policies provides you Money Back plan, Children Plan, Term Assurance Plan, Special Money back Plan for women, Pension Plan and Unit Plan etc.

Some plans of LIC:  Jeevan Amrit | Jeevan Saral | Flexi Plus | Jeevan Ankur | Jeevan Bharthi | Jeevan Anand | Jeevan Akshay VI | Jeevan Sathi | Bima Bachat

SBI Life: SBI Life Insurance Company offers you best insurance policies such as Money Back Offer, SBI Lifelong Pension, Group Protection Plans, Term Insurance, Retirement Solutions etc.

Some plans of SBI Life: Smart Performer | Smart Scholar | Saral Shield | Life Scholar II | Life Long Pension

HDFC Life: HDFC Standard Life Insurance: HDFC Standard Insurance offers you best Life insurance policies such as Protection Plan, Children Plan, Retirement Plan, Saving and Investment Plans etc.

Some plans of HDFC Life: Click 2 Protect | Young Star Super II | Pension Super Plus | Sampoorna Samridhi | Immediate Annuity

Bajaj Allianz Life insurance: Bajaj Allianz provides Endowment plan, Money back, Term Plan, Unit Linked Plans, Single premium, Pension, Retirement plans, Women insurance, children plan.

Some plans of Bajaj Allianz: Invest Gain | Super Saver | Cash Rich | iSecure Term plan | Life Assure | Child Gain

Aviva Life Insurance: Choose Best whole life insurance policy and Endowment plan according to your need. Aviva Insurance provides single premium, pure term insurance and also child plan.

Some plans of Aviva Life: I Life | Family Income Builder | Dhan Samruddhi | Dhan Varsha | Money Back

AEGON Religare Life Insurance: AEGON Religare Life Insurance offers a range of term life insurance policies at affordable premium rates. Get instant free quotes & buy life insurance policy in few simple steps.

Some plans of Aegon Religare:  iMaximize | iTerm Plan | Aegon Religare Save Guard Plan | Insta Pension Plan

Max Life Insurance: Max Life Insurance, a Life Insurance company in India provides the best & cheap Life Insurance services & policies in India

Some plans of Max Life:  Shiksha Plus II | Money back Plan | Whole Life plan |  LifeLine Wellness Plus | Max Life College Plan

ICICI Prudential: ICICI Prudential offers insurance for wealth plan, health, life insurance India, term insurance plans, ULIPs, retirement solutions, pension plans, tax saving schemes, health covers, Term plan and many more.

Some plans of ICICI Pru: ICICI Pru iCare | Pru Elite Life | Pru Cashback | ICICI Pru Pure Protect |  ICICI Pru SmartKid Premier |  ICICI Pru Shubh Retirement

Birla Sun Life:  Choose Best whole life insurance policy and Endowment plan according to your need. BSLI provides single premium, pure term insurance and also child plan.

Some plans of BSLI:  BSLI Wealth Secure Plan |  Immediate Income Plan | BSLI Vision | BSLI Future Guard Plan

Customer should always understand his need before buying the plan. Nowadays all the Insurance companies are providing free financial planning to the customer where they help you in acknowledging your requirement considering all your liabilities and assets.

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