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 protection, namely: ordinary individual insurance (ordinary), insurance people (industrial) and group insurance (group insurance). Insurance plan showing the type / kind of insurance policy that is; deposit insurance (term insurance), life insurance (whole life insurance) and endowment (endowment).
Ordinary insurance for everyone circuitry maximum amount of premium is relatively limited and the lowest sum determined by the company. The premium can be paid in lump (lump sum) or yearly, half yearly, quarterly or monthly.
Public insurance for everyone but with a smaller number of maximal. Group insurance provides protection to a group of people, which is covered in one policy. The existence of the group itself must be for a particular purpose, not to obtain insurance protection. Usually the group consists of employees of a company.
Deposit 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, on the whole-life insurance there is no deadline for protection. Endowment insurance with term insurance, which is only valid for a certain 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 within the contract period.