The Life Insurance Policy is one of the firewall to protect human assets. It induces individual to invest in Life Insurance Policies. The choice of Life Insurance Policy varies according to the income. The University Professors who have consistent and high income are tangible as well as intangible assets for our Nation. It induces the researchers to analyze the University Professors preferences in Life Insurance Policy. To attain the objectives, the primary data collected from two hundred and forty University Professors by adopting Convenient Sampling Method with the help of Structured Questionnaire. The reliability of topical scope “Ranking Analysis for Life Insurance Policies: University professors‟ Perspective” proved by Garrett Ranking Techniques. The result revealed that the priority order of University Professor have been in the order of Security, Saving and Investment