Aman Insurance Advisor Chikhali Pune

A life insurance business provides financial protection to individuals and their families by offering policies that pay out a sum of money upon the policyholders death or after a set period. The company collects regular premium payments from policyholders and, in return, guarantees a death benefit or maturity benefit. Key Aspects of the Business: Products & Services: Term Life Insurance Coverage for a specific period with a death benefit. Whole Life Insurance Lifetime coverage with cash value accumulation. Universal Life Insurance Flexible premiums and savings component. Endowment Plans Savings + life coverage, paying a lump sum after a term. Annuities Retirement income plans with guaranteed payouts. Revenue Model: Premium payments from policyholders. Investments from collected premiums. Policy lapse and surrender fees. Target Customers: Individuals (working professionals, parents, seniors). Businesses (key person insurance, group life insurance for employees). Distribution Channels: Direct sales through agents and brokers. Online platforms and digital policies. Bancassurance (partnerships with banks). Regulations & Compliance: Licensed by insurance regulatory bodies. Adheres to risk assessment and actuarial calculations. Maintains reserves for claims payouts. A well-run life insurance business ensures financial security for clients while managing risks and investments to sustain profitability. Let me know if you need a more detailed plan!