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/* Introduction */
===Introduction===
* Life Insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or some other event, such as terminal illness or critical illness.
* In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums.
* To be qualify as a life insurance policy , the insured event must be based upon the lives of the people named in the policy.
* Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion.
''Source: http://en.wikipedia.org/wiki/Life_insurance''
