If you are going to take a life insurance policy, what features you would require in such policy?

Following features are noticeable
(i) What protection it offers.
(ii) What is the amount of premium.
(iii) What amount it will give after its maturity.
(iv) How it can be used as a collateral security to raise loans.
(v) What advantage it can give with respect to the payment of income tax.
(vi) What insurable interest it can offer.