When you’re buying life insurance in India, you’ll often come across technical jargon that might seem confusing. From terms like "Sum Assured" to "ULIP," understanding these words can help you make informed decisions and choose the right policy for your needs. To make life insurance simpler and easier to understand, we’ve compiled a comprehensive A to Z glossary of the most commonly used life insurance terms in India.
A
B
C
D
E
F
G
H
Health Declaration
I
IRDAI (Insurance Regulatory and Development Authority of India)
J
K
Keyman Insurance
L
M
Money Back Policy
N
O
P
Q
R
S
SIP
T
U
ULIP (Unit Linked Insurance Plan)
V
Vesting Age (in pension plans)
W
Whole Life Insurance
Y
Z
