Personal Finance How to use insurance policy to generate profit/returns? Updated : June 25, 2020 04:38 PM IST Life insurance policy offers financial security to beneficiaries when the insured is not around anymore. In exchange for premium payments, the insurance company provides a lump-sum payment to beneficiaries upon the insured's death. Apart from this financial protection, customers can also use these policies to generate profits and returns. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.