If we advice you to invest money in life insurance,first we will let you know whether you need it or not. There different mathod generally used to determine the requirement of life insurance.
1. Saving plan
2. investment plan
Saving base plan gives your saving plus insured life.You can have minimum premium life insurance policy, that can be paid by monthly,quartly,halfyearly,yearly, and save money and that money will be refund you on maturity.
Investment plan gives you investment opportunity, in this plan you can invest money as much as you can on that money you get income tax rebate as well as life insurance. Your money will be invested in share market with minimum guarnted return. On any mishappening your insusoured money will be paid to your spouse. There are so many insurance plan and insurance companies for you