1.Explain the meaning and types of Life Insurance.

1.	1.Explain the meaning and types of Life Insurance.
Answer» Life insurance(orlife assurance, especially in theCommonwealth of Nations) is a contract between aninsurance policyholder and aninsurer or assurer, where the insurer promises to pay a designatedbeneficiarya sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Types of life insurance are:- Protection policies – designed to provide a benefit, typically a lump sum payment, in the event of a specified occurrence. A common form—more common in years past—of a protection policy design is term insurance. Investmentpolicies – the main objective of these policies is to facilitate the growth of capital by regular or single premiums. Common forms (in the U.S.) arewhole life,universal life, andvariable lifepolicies.

Answer»

Life insurance(orlife assurance, especially in theCommonwealth of Nations) is a contract between aninsurance policyholder and aninsurer or assurer, where the insurer promises to pay a designatedbeneficiarya sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

Types of life insurance are:-

Protection policies – designed to provide a benefit, typically a lump sum payment, in the event of a specified occurrence. A common form—more common in years past—of a protection policy design is term insurance.

Investmentpolicies – the main objective of these policies is to facilitate the growth of capital by regular or single premiums. Common forms (in the U.S.) arewhole life,universal life, andvariable lifepolicies.

Discussion

No Comment Found

Related InterviewSolutions

Possessive NounsThejacketuniform needs to be washed(Bob)Therattle is pink(baby)
DenlcesRead the tollowing line :Forget the buried woes and dead despairsHere, the repetition of the sounddonant sound in quick succession at the beginning of words is ealledples of this kind that oceur in the poem./fends a musieal quality to the line. Suoh repetifióAlliteraticm', Fick órrLook at the ollowing line :The world won't care about your old defeats're, the word "world' refers to the people in the world. It means one thing refers to tnnected with it. This figure of speech is called 'Metomymy'. For example, "The pen isword'Notice the expression ...strain and stresswe notice that both the words 'strain' and 'stress' convey the same meaninhe same meaning is expressed more than once, using different words, which
(рео a brief character sketch of Peter van Daan.
Q. 1. Draw a brief character-sketch of Anil.
Write a brief character sketch of Mr. Arthur Gilman.
Which of the following is not a possessive pronoun(A) ours (B) mine (C) their (D) yours
what is the meaninof betal in biodh
) What is Book-keeping?
6hatHhe meanincatheueHadl thoes thi har that ho i abho bash
DIETARY FOOD SUPPLEMENTNOT FOR MEDICINAL USE