Question

Write different types of life insurance policies.

Answer 1

The most common types of life insurance policies are

Term Plans,

Unit Linked Insurance Plans,

Endowment Plans,

Money Back policies,

Whole life insurance policies,

child plans

retirement plans.

Term plans cover only the risks of life; while Unit linked plans (ULIP) are combinations of investments and insurance. Endowment plans are combine savings with insurance and Money back policies provide regular returns of money with insurance coverage.

Whole life policies cover the entire life period of the insured person. Child plans are cover education and career of a child. Retirement plans provide pensions to the retired people.

Answer 2

Answer:

Explanation:1. whole life policy

                      2. endowment life assurance policy

                       3. joint life policy

                        4. annuity policy

                         5. child endowment policy