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life assurance and types of life assurance policies welcome to the risk management of everything channel on this channel you will see videos on risk management and the application of risk management to diverse areas and sectors if you are new here make sure to subscribe to our channel and press the notification button so you can be notified when we upload new videos thank you life assurance and types of life assurance policies are discussed in this video in this video you will understand the meaning of life insurance the difference between life insurance and life assurance life insurance policies terms basic types of life policies term assurance and types of term assurance policies whole life assurance and types of whole life policies endowment assurance and types of endowment policies investment content life assurance policies and life offices bonus system operations now let us start what is life insurance life insurance is a contract between two parties that is the assured and the li