Mr. Imran is a service holder. He opened a life insurance policy in his own life making his wife as nominee. The policy value was Tk. 3 lac with 20 year duration. He used to pay Tk. 3000 after every 3 months as premium. But after 5 years of payment, his sickness made him physically disable. When he applied for insurance claim, the insurance company refused the claim and the company returned a part of his paid premiums.

i) What kind of insurance policy did Mr. Imran opened? Describe.

ii) Insurance company paid some money to Mr. Imran, but didn't pay the policy value or claim. How logical is this? Analyze and explain.