সঞ্চয় সমৃদ্ধি ও নিরাপত্তার প্রতিশ্রুতি

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policy holder) or pay sum assured with profit (if any) at the end of the policy term. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum .