LI meaning in Insurance ?

Answer:

What is Life Insurance mean?

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses.

Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example: the insured knowingly incurred a risk by consenting to an experimental medical procedure or by taking medication resulting in injury or death.

Modern life insurance bears some similarity to the asset-management industry, and life insurers have diversified their product offerings into retirement products such as annuities.

Life-based contracts tend to fall into two major categories:

Protection policies: designed to provide a benefit, typically a lump-sum payment, in the event of a specified occurrence. A common form—more common in years past—of a protection-policy design is term insurance.Investment policies: the main objective of these policies is to facilitate the growth of capital by regular or single premiums. Common forms (in the United States) are whole life, universal life, and variable life policies. reference

Full Form	Category
Lift Index	Academic & Science
Lilly Industries, Inc.	Business
Low Innovation	Business
Lithium	Chemistry
Lead In	Community
Lawful Interception	Computer and Networking
List Items	Computer Assembly Language
List Item	Computer Assembly Language
L Ist	Computer Assembly Language
Load Immediate	Computer Assembly Language
Log In	Computing
Line Insertion	Computing
Line Indent	Computing
Liechtenstein	Country Names
Little Irish	Country Specific
Laser Interferometry	Electronics
linear Inch	General
Listed ItemHere	General
Light Inspection	General
Letter Identification	General
Light Induced	General
Light Institutional	General
Louvered Inlet	General
Leonid Ivanovich	General
Love Interests	General
Long Injected	General
Laser Irradiation	General
Lignum Inane	General
Lexical Item	General
Light In	General
Listed Items	General
Line Item	General
Lifted Index	General
Lithium In	General
Learn It	General
Length Increasing	General
Lyrically Inferior	General
A Li Is	General
Lame Individual	General
Linear Inter	General
Line Index	General
Level I	General
Ldnczos Iteration	General
li It	General
Li Instead	General
Lithium Ion	General
Labour Inspection	General
Local Inbound	General
Leverage Index	General
LI is	General
Load Index	General
LinkedIn If	General
Location Information	General
Lifted Increase	General
LAN (Local Area Network) Interface	Governmental
Land Inspection	Governmental
Local Initiative	Governmental
Legal Interception	Governmental
Liner In	Governmental
Learned Intermediary	Governmental
Life Insurance	Insurance
Livorno (Provence)	International
Lighthouse International	International
Love Interest	Internet
Licensed Irrigator	Jobs
Language Impairment	Medical
Lactose Intolerance	Medical
Lost Innocence	Messaging
Laughing Inside	Messaging
Lithographer	Military and Defence
Lan Interface	Military and Defence
Limited Information	Military and Defence
Long Island Rail Road Company	Regional
London Irish	Regional
Legislative Instrument (ask vvu-tc)	Regional
Long Island Rail Road	Regional