The life insurance products to suit to the needs of various categories of people, children, youth, women, middle aged persons, old people; and also rural people etc. Life insurance products could be purchased from registered life insurers notified by the IRDA. Insurers appoint insurance agent to sell their products. Public who are interested to buy life insurance products should receive proper advice from insurance agents or insurer so that a right product could choose to suit particular financial needs. Life insurance of corporation is superior to traditional saving machine. As well as providing a secure vehicle to build up saving etc. it provides pieced of mind to the policy holder. In the event ultimately death, of say, the main earner in the family, the policy will pay out guaranteed sum assured, which is likely to be significantly more than the total premiums paid. With more traditional, saving vehicles such as fixed deposits, the only return would be the amount invested plus any interested accrued. During the period 2015-16 the life insurance loan and debentures has given 9.43percent to power sector is very less, housing sector got the highest 42.43 percent, water supply and sewerage schemes 0.14 percent, transport sector 0.15 percent and other infrastructure 47.85 percent The outgoing income of life insurance in claims by death 11.95 percent and claims by survival 68.09 percent, surrender including bounce 12.79 percent annuities less re-insurance 5.66 percent and transfer of reserve 1.52 percent. The expenses of management in any year, an amount in excess of the limits prescribed under role 17D of the insurance roles. The role 17D take into consideration the size and age of the insurer, while laying down the limits of such expenses.
