What is Life Insurance Policy and how it works ?-procedure-to-surrender-hp-indane-bharat-gas-connection

Life insurance policy is a contract between you and an insurance company. You agreed to pay premium for the policy on a regular basis, and the insurer company agrees to pay a sum of money to your beneficiaries if you die. Term Plan – pure risk cover,Unit linked insurance plan (ULIP) – Insurance + Investment opportunity,Endowment Plan – Insurance + Savings,Money Back – Periodic returns with insurance cover, Whole Life Insurance – Life coverage to the life assured for whole life