Finding the Best Life Insurance Policy

Article Author: Rambabu B, F&A Department, Shriram Life Insurance Head Office, Hyderabad.

Life insurance is very important for the future well being and security of your family. Unfortunately, many people don't understand why they require life insurance or they feel they can't afford to pay the bounties. What they don't realize is that many life insurance policies have affordable rates.

With the demise of person without life insurance, the family members are left to pay funeral & other expenses, which increase every year. At the rattling least, premiums for policy large enough for funeral & other expenses would be very low. Nevertheless, you should induce a life insurance policy large enough to pay for more than just the funeral & other expenses, particularly if you own debts or a partner and small fries.

Many employers offer some sort of life insurance in the case of your demise. While this kind of life insurance is decidedly better than nothing, it's merely safe as long as you're puzzling out for this caller. If for some reason your employment should terminate, so will your insurance. You may be provided the chance to extend the policy directly with the insurance company, but the bounty will be a lot higher. If you have to get insurance elsewhere, the premium will be higher if you are older. Even though employer-paid life insurance policies offer you and your family some sort of security, you may nevertheless desire to get out some other sort of life insurance.

Many insurance companies offer their policies online so you'll have no trouble finding a company to purchase some sort of insurance. The biggest decision you'll have to make is whether you want term life insurance or whole life. While term life policy premiums are cheaper than whole life, you'll be paying the premiums your entire lifetime. You break off making the premiums and the life insurance stops.

With whole life insurance, you get cash values in your life insurance policy. Subsequently, you've held the policy for a few years; you can borrow the money from the cash values or apply it to pay the premiums if you fall on difficult times. Irrespective of which type of life insurance you choose, the important thing is to make some kind of life insurance for peace of mind for you and your loved ones.

About Shriram Group

Padma Bhushan Mr. R.Thyagarajan founded the Rs 90,000 Cr. Shriram Group, headquartered in Chennai. Established in 1974, the Group caters to the needs of the mass segment, and has evolved as a premium financial services network. Over the last ten years, Shriram Group has grown at an enviable rate, with a CAGR of over 40%. The group has over 2600 branches, with more than 60,000 employees. The group plans to expand its businesses into non- financial services in the near future.

The Group, and is well known for its philosophies which have been imparted by Mr Thyagarajan. These philosophies and values have been methodically instilled and institutionalized into the Shriram group over the last 3 decades- Serve the Underserved thereby creating wealth in the community. Shriram Group Website:

About Sanlam

Sanlam is a leading financial services group, originally established as a life insurance company in 1918.Their head office is in Bellville near Cape Town in South Africa and they have offices throughout South Africa and business interests elsewhere in Africa, Europe, India, the USA and Australia.

The relationship started in 2005 with emergence of Shriram Life Insurance Company (SLIC), a part of diversified Shriram Group, where SANLAM has 26% stake. In last 8 years the strength of relationship has grown impressively and now SANLAM has 26% stake in the holding company Shriram Capital, which owns companies like Shriram Transport Finance and Shriram City Union Finance (SCUF). Sanlam Website:


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