Here are some types of life insurance policies:

1. Term Life Insurance: Term life insurance provides coverage for a specific period (the "term") and pays a benefit if the insured person passes away during that time. It's straightforward and typically offers a lump-sum payout to beneficiaries.
2. Whole Life Insurance: Whole life insurance provides coverage for the entire life of the insured person, as long as premiums are paid. It includes a savings or investment component (cash value) and offers a death benefit to beneficiaries upon the insured's death.
3. Endowment Policies: Endowment policies offer a savings component along with life insurance coverage. They pay out a lump sum upon the policy's maturity or upon the insured's death, whichever occurs earlier.
4. Education Policies/Educational Endowment Plans: These policies are designed to provide funds for a child's education. They combine life insurance coverage with a savings element, ensuring that funds are available for the child's education expenses at specific milestones, such as primary, secondary, or higher education levels.

Life insurance companies may offer various riders or additional features that can be added to these policies for enhanced coverage. Some of these include:

• Critical Illness Riders: Provides a lump sum benefit if the insured is diagnosed with a critical illness specified in the policy.
• Disability Riders: Offers financial support if the insured becomes permanently disabled due to an accident or illness.
• Waiver of Premium: Waives future premium payments if the insured becomes disabled or critically ill.