A life insurance policy is a contract with an insurance provider. Where the premiums are paid and the insurance company provides a lump-sum payment, known as a death benefit or upon maturity of the policy to the policyholder or the beneficiary. Usually, the acquired life insurance plan is chosen based on the needs and goals of the owner.

Life insurance plans play a significant role in one's life as at multiple life stages,as an individual needs funds.the funds are needed to build the corpus. Whether the requirement of the fund is for child's education, marriage or retirement savings. When one starts finding ways to build funds, one tends to look at investment plans where your money grows while you sit back. Because of the number of investment opportunities, there is no simple solution to the aforementioned. However, the simplicity and ease of investment plans offered by most life insurance companies is one of finest options available.

The companies in Pakistan which offer Life insurance plans, under the umbrella of securities and exchange commission of Pakistan are Jubilee Life insurance, Efu Life Insurance, Alfalah life insurance, State life insurance, Askari Life Assurance and Adamjee Life Insurance.

To purchase a life insurance plan an individual must meet first the entry age criteria as mentioned in the policy wordings, read that before purchase. The individual needs to be within the maximum age allowed under investment plan. Adherence to the plan’s premium payment term and mode is mandatory. The documents Required for purchasing the life insurance Plan are Income proof - Salary slips, income tax returns, bank statement, etc.Address proof via driving License, CNIC, passport, etc. Age proof through CNIC, passport or driving license.

Term Life Insurance provides coverage for a certain time period. It is designed only to protect your family members in case the policyholder dies prematurely the beneficiaries receive the payout. If you die within the term insured, The policy has no other value. A life insurance policy is a contract with an insurance provider. In exchange for premium payments, the life insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death or at the policy maturity.