What is Whole Life Insurance?

Did you know that life expectancy of Indians has been growing over the years? This means, you will live much longer now than before.

Women live up to the age of 70.4 years and men up to 67.8 years according to the SRS Survey.

There are Life Insurance plans you can buy that will cover your full life, even if you live till the age of 100. They are called Whole Life Insurance.

Read on to find out all about it!

Also called Permanent Life Insurance.
This is not bound by any time period or term.
It does not matter when the person dies. This policy covers us for our entire life (even if we live up to 100 years or longer!)
You have to pay the premium for the first 10-15 years.
The insurance amount is paid to our Nominee or Beneficiary at the time of our death, whenever that may be (Hyperlink term, policy, premium, nominee, beneficiary).

Some deaths are not covered under Whole Life Insurance:

Suicides
Death due to war, terrorism, drought
Death due to actions by the insured
Death due to intoxication or narcotics

If you are aware of anyone facing mental health issues or feeling suicidal, please provide help.

Seek help on Aasara- 24×7 Helpline – 9820466726

Aasara offers support to individuals and families during an emotional crisis, for those dealing with mental health issues and suicidal thoughts, and to those undergoing trauma after the suicide of a loved one.

To track your progress

What is Whole Life Insurance?

Some deaths are not covered under Whole Life Insurance:

Read on to find out the benefits of Whole Life Insurance