Life Insurance Market Endowment Policy, Term Insurance, Money or Cash Plans, Whole Life Insurance, Children's Policies, Annuity, Positive Long-Term Growth Outlook 2023
Global Life Insurance Market Is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other...
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