Human life is full of risk we don't know what happens when so that there are many ways to be safe in difficulties of life.So with the view to help the people company are established which is called Insurance.There are mainly two kinds of Insurance life insurance and non-life insurace and others are branch. Among them Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise. Human life is full of risk we don't know what happens when so that there are many ways to be safe in difficulties of life.So with the view to help the people company are established which is called Insurance.There are mainly two kinds of Insurance life insurance and non-life insurace and others are branch. Among them Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.
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