Whole Life policies provide cover until a very advanced age (commonly 99 or 100), with maturity benefit payable at that age if you survive. They blur the line between insurance and estate planning — the death benefit is virtually certain to be paid (almost everyone dies before age 99), making the tax-free payout under §10(10D) a useful wealth-transfer mechanism.
LIC Jeevan Umang is the most popular Indian whole life plan. Premiums can be limited-pay (e.g., 15/20/25/30 years), after which you receive an annual Survival Benefit until age 100, and the Sum Assured + bonuses on death or at age 100, whichever is earlier.