Life Insurance

Why Life Insurance?

Life insurance is designed to protect you and your loved ones. Melli Insurance Company offers various types of policies and coverages to make it easy for everyone to find a suitable option that matches their needs. Citizens can benefit from life insurance by visiting this company’s centers and branches nationwide.

Types of Life Insurance Policies

1. Savings Insurance
   
   In this insurance, the company undertakes to pay the insurance amount in one of the two following cases:
   
   
   • At the end of the policy term if the insured is alive, along with the agreed profit.
   • In the event of the insured’s death during the term of the contract.
     
     
2. Term Insurance with Premium Refund
   
   
   • If the insured dies during the contract period, the insurance amount will be paid to the beneficiaries.
   • If the insured is alive at the end of the policy term, all paid premiums will be returned to them.
   • This type is very suitable for young people at lower ages, since with a lower premium, they can benefit from good coverage.
     
     
3. Joint Life Insurance
   
   This policy is designed for two people with a shared relationship, such as spouses or business partners. In this type, the insurance amount is paid in one of the two following scenarios:
   
   
   • At the end of the policy term, if both individuals are alive, the amount is paid with the agreed profit.
   • If one of them passes away during the policy term, the amount is paid to the beneficiary.
     
     
4. Term Life Insurance
   
   Suitable for those with limited income. In this insurance:
   
   
   • If the insured dies during the contract, the insurance amount is paid to the beneficiaries.
   • If the insured survives until the policy ends, the contract is terminated without any payment.
     
     
5. Life Insurance
   
   In this type, the insurance company undertakes:
   
   
   • To pay the insurance amount to the beneficiaries in the event of the insured’s death during the contract period.
   • If the insured remains alive until the end of the contract, the insurance amount is paid to them.
     
     
6. Whole Life Insurance
   
   In this policy:
   
   
   • There is no limitation on the duration of the insurance.
   • The insurance company undertakes to pay the insurance amount to the beneficiaries upon the insured's death.
   • Premium payments continue for the insured’s entire life.
   • This type is suitable for those who want permanent support at any age.
     
     

Main Benefits of Life Insurance

• Financial security for survivors after death
• Creating savings for retirement
• Helping provide for children’s education expenses
• Ability to receive loans at reasonable rates during the policy period
• Premium refund in some plans
  
  

Conclusion

Life insurance is one of the safest financial support and investment tools. Given the variety of life insurance policies, everyone can choose the best option based on their own needs and life circumstances. If you’re looking for a secure way to protect your family’s future, visit a branch of Melli Insurance in your province now for advice and to review the terms.