International Journal of Research and Review

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Review Article

Year: 2017 | Month: June | Volume: 4 | Issue: 6 | Pages: 28-30

Life Insurance – Growth Engine of Society

Dr G.M. Purani

Associate Professor, Arts and Commerce College, Piparia, Vadodara, Gujarat.


Life insurance is an agreement between policy holder and insurance company, which gives assurance to the rest of the family members to survive best. Dreams come fulfill in the absence of policy holder when policy holders have taken sufficient insurance of their human life value. There are number of plans with life insurance companies like endowment plan, term plan, pension plan, health plan, retirement plan, child education plan etc. Plan may be taken by an individual based on age criteria and their future planning.

Key words: Life insurance, Policy, Policy holder.

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