Life insurance lines and classified according to plan. Line of insurance (insurance line) refers to one of three different approaches to the provision of insurance cover, namely: ordinary individual insurance (ordinary), the insurance people (industrial) and group insurance (group insurance). Insurance Plan shows the type / kind of insurance policy that is; term insurance (term insurance), life insurance (whole life insurance) and endowment (endowment).
Ordinary insurance is for each person moved at the maximum amount of the premium is relatively limited and the lowest sum is determined by the company. Premiums can be paid at once (lump sum) or yearly, half yearly, quarterly or monthly.
Insurance is for people of every person but with a smaller number of maximal. Group insurance provides protection to a group of people who stated in one policy. The existence of the group itself must be for a specific purpose, not to obtain insurance protection. Usually the group consists of employees of a company.
Term insurance (term) is insurance that provides protection for a certain period. While whole life insurance provides permanent protection to the insured during his lifetime. Unlike term insurance, whole life insurance at no deadline for protection. Endowment insurance with term insurance, which is only valid for a specified period. But the endowment insurance which provides benefits equal to the sum insured if the insured lives until they run out of contract or the insured dies during the term of the contract.
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