Paper Key : IRJ************977
Author: Kuldeepsinh Zala ,Vivek Mendpara
Date Published: 07 Apr 2025
Abstract
This research paper provides an in-depth analysis of life insurance, exploring its fundamental concepts, evolution, significance, and objectives in modern society. Life insurance serves as a vital financial tool, offering individuals and families economic security and peace of mind by mitigating the risks associated with the loss of life. The study investigates various types of life insurance policies, including term, whole life, and endowment plans, and examines the roles they play in financial planning, wealth creation, and risk management. Additionally, the paper delves into the objectives of life insurance from both the policyholder's and insurer's perspectives, highlighting its contribution to social stability and economic development. Through qualitative and quantitative analysis, this research underscores the relevance of life insurance in today's uncertain environment and emphasizes its role as a strategic instrument for long-term financial well-being.