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Thread: What is Life Insurance

  1. #1
    NewBie
    Join Date
    May 2017
    Location
    MUMBAI
    Posts
    3

    Default What is Life Insurance

    Its a benefit plan given to the policy holder in case o an unforeseen situation the nominee gets the sum assured.




  2. #2
    NewBie
    Join Date
    May 2017
    Location
    MUMBAU
    Posts
    2

    Default

    Life insurance policy are financial security for our loved ones even after our death.it is meant to fill the financial void left behind after our death.

  3. #3
    NewBie
    Join Date
    May 2019
    Location
    India
    Posts
    13

    Default

    Its a contract for a Sum Assured to be given to assigned beneficiary (Like Nominee or company - in case of Key-man Insurance), once death of life assured occurs within the time specified in the policy conditions.

    Based upon plan variations, these key details may vary for each one.

  4. #4
    NewBie
    Join Date
    May 2019
    Location
    bangalore
    Posts
    1

    Default

    It is a contract between the insurance company and the policy insured person that in case the insured person dies then the nominee will get the benefit of the policy taken by policy holder.

    For better understanding you can visit their Exide Life Insurance website to get deep information.


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