Life Insurance

Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a financial (personal) loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.

Mortgage life : Mortgage life insurance is a form of insurance specifically designed to protect a repayment mortgage. If the policyholder were to die while the mortgage life insurance was in force, the policy would pay out a capital sum that will be just sufficient to repay the outstanding mortgage

Permanent life : Definition of 'Permanent Life Insurance' An umbrella term for life insurance plans that do not expire (unlike term life insurance) and combine a death benefit with a savings portion.

Term life : Term insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active - or in force - then a death benefit will be paid.

Universal life : Universal life insurance (often shortened to UL) is a type of permanent life insurance, primarily in the United States of America. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy Whole.

To cater the different demands and prerequisites of our valuable consumers, Aleya Financial Services are occupied in delivering Life Insurance Service. Delivered under the command of adroit team, these provided services are broadly cherished and recommended. In addition, these services could be changed as per our customer’s special requests.

Being one of the leading organizations for offering Life Insurance Service to our clients, we are meeting each client’s demands. Our qualified professionals are familiar with insurance industry and its various procedures hence efficient in helping clients at each stage of the process. In addition, offered service can be availed at budget affordable price. Keeping in mind the risks involved in ones life, we offer our clients with impeccable consultancy services for all the Life Insurance plans.