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Life insurance contract could also be outlined because the contract, whereby the insurer in thought of a premium undertakes to pay a definite add of cash either on the death of the insured or on the expiry of a set amount.
life insurance
The life insurance contract isn't a indemnity contract, the enterprise on the a part of the insurer is an absolute one to pay an explicit add on maturity of policy at the death or an quantity in installment for a set amount or throughout the life.
Features of life insurance contract:
life insurance
The life insurance contract isn't a indemnity contract, the enterprise on the a part of the insurer is an absolute one to pay an explicit add on maturity of policy at the death or an quantity in installment for a set amount or throughout the life.
Features of life insurance contract:
Nature of General contract
Insurable interest
Utmost Food religion
Warranties
Proximate cause
Assignment and Nomination
come back of premium
different options.
Insurable interest
Utmost Food religion
Warranties
Proximate cause
Assignment and Nomination
come back of premium
different options.
2 comments:
Permanent insurance is more costly than term life insurance because it lasts longer and because it provides more than just a death benefit: It also has an investment component in which money accumulates tax-free within the policy.
This is the ability for a person to get new health insurance if a change is desired or needed.
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