Legacy and Inheritance Planning: Protect & Pass On Your Wealth

 


Types of Life Insurance – Best Life Insurance in India 2025

Life is uncertain, but financial planning ensures your loved ones stay secure. In 2025, life insurance remains one of the best financial tools for protection, savings, and wealth creation.

What is Life Insurance?

Life insurance is a contract where you pay premiums, and in return, your family gets financial security in case of your demise. Some plans also offer maturity benefits, tax savings, and investment growth.

9 Main Types of Life Insurance in India

  1. Term Insurance – Pure protection at the lowest premium.

  2. ULIPs – Insurance + investment in equity/debt funds.

  3. Endowment Plans – Life cover with guaranteed savings.

  4. Child Plans – Secures your child’s education & future.

  5. Whole Life Insurance – Coverage till 99–100 years.

  6. Money Back Policy – Periodic payouts + maturity benefits.

  7. Retirement Plans – Build a retirement corpus & pension.

  8. Pension Plans – Lifetime income after retirement.

  9. Group Insurance – Low-cost cover for employees/members.

How to Choose the Right Policy

  • Identify goals (protection, savings, retirement).

  • Decide sum assured (10–15× your annual income).

  • Select term (till dependents are secure).

  • Add riders (critical illness, accidental cover).

  • Check insurer credibility (claim settlement ratio above 95%).

👉 Whether you want affordable term plans or wealth-building ULIPs, India offers multiple options. For expert help in comparing and selecting the right policy, consult WealthBeats Finserv – your partner in smart wealth management.

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