Insurance holders can choose the frequency of premium payments as per their needs like monthly, quarterly, half-yearly, or yearly.
Some Life insurance Plans give a monthly pension to the policyholder plan for their retirement
Some life insurance Plans offer loans against the policy feature which can help an individual to fulfill urgent financial requirements such
Life insurance is a long-term savings product, it also ensures that the insurance holders focus on long-term returns rather than focusing on risky investment decisions that could provide short-term profits.
Life insurance provides financial protection to beneficiaries or through investment options like ULIPS