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However, a person may make anybody the beneficiary of the policy.The insurance policy is a legal contract between the insurer and the insured.All you have to do is answer a couple of simple questions and you’re ready to go.Why get bogged down with inconvenient registration pages when you don’t have to?Further, the insurance premiums vary from person to person depending on his or her age, smoking habits, medical history, driving record, job profile and other things.Taxation Taxation in the context of insurance is a complicated matter especially when you think of it from a global perspective.There is an accumulation of money in these types of policies and there is a minimum sum assured to the beneficiary at the maturity of the policy. Prima facie, they are doing a good work by insuring people against any untoward incident.



At the same time, it also provides peace of mind to the living person.Death is the only thing that is certain in this world.Since we live in a society, the first thought that comes to our mind is how to protect those who are dependent on us.However, having a life insurance policy does not mean that you will get life cover for all kinds of deaths.



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