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   The general purpose of any insurance policy is to provide protection to the economic value of assets in case of any uncertain events In case of insurance, it is easy to acquire loans on the sole security of any policy that has acquired loan value. Besides, a life insurance policy is also generally accepted as security, even for a commercial loan. Savings through life insurance guarantee full protection against risk of death of the saver.
 
   Certain like insurance contracts accumulate cash values, Which may be taken be borrowed against. Some policies An insurance policy can be 'with' or 'without' profit. In the former, bonuses disclosed, if any, after periodical valuations are allotted to the policy and are payable along with the contracted amount. Life Insurance is the best way to enjoy tax deductions on income tax and wealth tax.
 
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