LIFE INSURANCE

Life insurance is the different nature of insurance. Here, the subject matter if insurance is life of human being. It is very popular insurance. It is a contract between insurance company and insured person. The life is the most important property of the society or an individual. The insurer will pay a fixed amount of insurance at the time of death or at the expiry of defined period in the consideration of premium paid by insured. The life insurance is required by each and every person. The life insurance provides protection to the family at the premature death of breadwinner. It gives adequate amount at the old age when earning capacities are reduced. It is not only a protection but is a sort of investment. It is believed that the eighty percent of total insurance is covered by life insurance in the world.