Life insurance is a kind of bond or contract between the insurance company and the policy holder. In this contract the insurer is promised the beneficiary as benefit a sum of money upon the death 
of the insured person. According to the contract these terms can be the part of life insurance contract such as terminal illness, critical illness and accident may also triggered to payment to the life insurance holder by the insurer. In the life insurance contract or policy policy holder is agrees to pay an amount called premium on certain time basis regularly or in a lump sum mode of payment. Life insurance contract have specific exclusions for the death claim such as suicide, fraud, wars, riots, and civil commotion etc.
Life insurance can be tend to two major categories:
Protections policies
Investment policies
of the insured person. According to the contract these terms can be the part of life insurance contract such as terminal illness, critical illness and accident may also triggered to payment to the life insurance holder by the insurer. In the life insurance contract or policy policy holder is agrees to pay an amount called premium on certain time basis regularly or in a lump sum mode of payment. Life insurance contract have specific exclusions for the death claim such as suicide, fraud, wars, riots, and civil commotion etc.Life insurance can be tend to two major categories:
Protections policies
Investment policies
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