MANAGEMENT

Pure endowment policy insurance amount is paid only after maturity of insurance period but to get the claim should be alive if policy holder dies before maturity period insured amount is paid to non this policy is suitable for those who do not have dependents or who do not want any others to get the insurde amount after their death.
doubb endoement is after maturity of insurance period is if the policy holder is alive double of insured amount is paid howefer if the policy holder dies before  maturity the dependents get the basic insureance amount generally premium amount is comparitively high .
ioint life endowment is covers more than one life premium amount is calculated considering age of involved persons and insured amount is paid on maturity of after death of any of the insuraed person

In whole life policy the insurance is effective for the whole life of assured in this policy insured amount is paid only after death of the insured the nominee or dependent of the insured will be paid with insured amount whole life policy can be classified as follow es

ordinary whole life insurance policy

in this policy the insured should pay the premium for life time after death of the insured insurance amount is paid to the beneficiary nominee of the insured policy holder does not get the policy amount as insurance company will be liable to pay the insurance amount after death of policy holder .

limited payment whole life policy

in this policy the premium amount is paid for a certain period of time but the insurance company provide s life time protection premium rate is higher for this types of policy compared to ordinary whole life policy policy amount is paid to the dependent of the police holder.

convertible whole life policy

in this policy holder has a option of converting this policy to any other types of life insurance policy after certain time period normally policy holder convert their whole life policy to endowment policy if they have option to convert the policy.

endowment life insurance policy
insurance is done for certain period and the insurance amount is paid after maturity of the period of after death of the policy holder which ever is earlier endowment policy can divided as follows

 Fire insurance is a contract between insurer and insured to indemnify loss of property due to fire and other reasons as it is involved in insurance contract for this purpose insurer changes certain rate of premium fire insurance is also known as insurance of indemnification.
the necessary of fire insurance was felt for the first time in England in 1666 when one third of house of London city were destroyed by a great fire at present it becomes one of the most important parts among other insurance policies .
According to v.r. bhusan and prof. r.s. sharma Fire insurance is an agreement for a consideration undertakes to the indemnify the other party against financial loss which the latter may sustain by reason of certain deadlined subject matter being damaged or destroyed by fire or other defined perils up to an agreement amount.
After completion of essential documentation and payment of first installment of the premium insurance company issues insurance policy certificate to the assured insurance policy certificate is issued to insured through post office or any other means insurance policy certificate contains name of policy holder sum assured number and amount of premium installment maturity period and other information after accepting insurance policy insurance also takes the risk of financial compensation.

Life insurance is a contract where by the insurer agrees to pay certain amount to the assured or his dependent nominee on maturity of the contract period or on the death of assured in the consideration of certain amount paid by the as sued as premium life insurance is suppose being started during 18th century life of human being is uncertain a man may die at any time or may meet with serious accident which disables the person form doing regular job or from earning money in the both cases the person or the family may suffer financial crises life insurance provides financial security to those people however it is not a contract of indemnity
For life insurance of a person insurances companies design different types of insurance policies with different features and benefits for easiness to understand life insurance policies can be categories in different types those policies can be classified on the basis of premium payment method number of lives covered method of claim payment participation on profit and duration of policies widely accepted classification which is based on duration of policies is as follows
1. Whole life policy.
2. Endowment policy.
3. Term policy.