Life insurance simplified

The idea of life-insurance will probably first come your way when you are planning your tax returns. That’s how it is for most Indians – insurance is a tax saving device. Well, there is a lot more to life insurance that it pays to know. Let’s begin by looking at every step of getting insurance.

(By the way did you know that filing your tax returns can be done by just a simple (FREE) download that is available at www.myirisplus.com do try it)

Selecting the right life insurance plan:

Life Insurance in India is offered by a number of players, including:

* Aviva Life Insurance
* Bajaj Allianz
* Birla Sun Life Insurance
* Future Generali India Life Insurance Company Limited
* HDFC Standard Life Insurance
* ICICI Prudential
* Kotak Life Insurance
* Life Insurance Corporation of India
* Max New York Life
* MetLife
* Reliance Life Insurance
* Sahara India Life Insurance
* SBI Life Insurance
* Shriram Life Insurance.
* Tata AIG Life

Each of them offers many different types of policies. Broadly, you can choose from Term Insurance or Endowment policies. In addition, there are Unit Linked Insurance Plans that offer the twin objectives of risk protection and capital appreciation.