A family life insurance policy differs from an individual insurance policy by the amount of persons included in the policy. The family option includes a (marriage) partner and probably one or more children. There might also be the option to include pets into the policy depending on the insurance company.
Individual health insurance is ideal for single individuals. If you are married or have a family, it is much more cost effective to purchase a family plan instead of individual policies. The only time it may benefit a family to purchase a separate policy for an individual is if one person is at very high risk individual. Their risks will raise the rates of the entire policy. For this reason a single policy could be purchased for them.
no. there are laws for life insurance policy and is illegal to take it out to any individual
you jackass i was obviously trying to cheat cause i dont
The individual policy is always primary.
Now a days there are many Insurance provider companies offering range of medical Insurance policies, like; individual health Insurance policy, family health Insurance policy, group health plans and others. HDFC ERGO is one of the leading health Insurance policy provider, you can check HDFC ERGO's health policies.
NO
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
Endowment Insurance policy is life insurance. Life insurance is very important to have, especially if you have a family or kids. If anything should happen to you, you would want to know that your family could live comfortably without your income.
Budget van insurance policy is made to fit your individual needs. You can have as much coverage as you want.
Family life insurance is a more simple to get complete coverage for the whole family under a single policy and rate instead of several different ones. One should purchase family life insurance when they have dependents that would be financial effected by their premature death.
As with almost any insurance, it depends on your individual policy.
In case of suicide, the insurance company will not provide any compensation for the family of the policy holder. Life insurance will only take care of the family of the policy holder when he does not take his own life.