Multiply India - Information on Financial Planning

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What Information Is Important in An Insurance Policy?

Here’s a list of all the important details found in an insurance policy:

Full name of the insurance company
City and state of the home office head office of the insurance company
Insurance policy number
Date the policy was issued.
Details of the death benefit and sum assured.
Details of the nominee and beneficiary.
The name and address of the agent or broker who sold you the policy.
The type of policy for example term, whole life, etc. and terms of policy.

Quick tip

Do you know what the terms Insurance Company, Insurance Policy, Sum Assured, Nominee, Beneficiary, etc. mean? Head to our glossary to find out.

To find out all about Insurance, read the guides here.

Go to the next section to learn about how you can keep your insurance policy documents safe