Different types of life insurance policies are :- 1. Term Life Insurance - Term insurance plan are those plan that is purchased for a fixed period of time, say 10, 20 or 30 years.2. Unit Linked Plans (ULIPs) - A unit linked plan is a comprehensive combination of insurance and investment. 3. Endowment policy - in this, policyholder receive a lump sum amount in case if he survives until the date of maturity. 4. Money Back Life Insurance - In this, a percentage of the sum assured is paid back to the insured on periodic intervals as survival benefit.5. Whole Life Insurance - A whole life insurance policy covers the life assured for whole life. 6. Child Plan- Child plans help to build funds for child’s education and marriage.7. Retirement Plan - Retirement plan helps to build savings for retirement.