TYPES OF LIFE INSURANCE II TYPES OF NSURANCE II CLASS 11 BST CH-4 BUSINESS SERVICES I INSURANCE
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LECTURE BY SRCC GRADUATE II ANSHITA JINDAL II VIDYAM II CLASS 11 BUSINESS STUDIES
Class 11 Business Studies 📘
Chapter: Business Services 🏦
Topic: Types of Life Insurance 💡
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Life Insurance is a type of insurance in which insurance company, in return for premium, agrees to pay insurance claim :-
a.) Either to the family of the assured on his death
b.) or to the assured himself after he attains a certain age
Types of Life Insurance Policies:
Whole Life Policy.
Annuity Policy
Endowment Life Assurance Policy
Joint life Policy
These policies help in savings, risk coverage, and financial security.
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