The Life Insurance market is a sector of the insurance industry that provides financial protection against the loss of life. It is designed to provide financial security to the policyholder's family or other designated beneficiaries in the event of the policyholder's death. Life insurance policies typically pay out a lump sum or a series of payments to the beneficiaries upon the policyholder's death.
Life insurance policies can be tailored to meet the individual needs of the policyholder, such as providing coverage for funeral expenses, medical bills, or other debts. They can also be used to provide financial security for the policyholder's family in the event of their death.
Some of the major companies in the Life Insurance market include Allianz, AXA, Prudential, MetLife, and AIG. Show Less Read more