Life Insurance Policy
Life insurance policies are the various life insurance schemes provided by the life insurance companies. Life insurance policies offer security for the insurer. They provide insurance payment schedules according to the cost of the policy. For life insurance the insurer before taking up the policy has to undergo a medical health test to provide a documentary proof of his health conditions.
Life insurance policies can be broadly classified into 2 categories:
- Term life insurance
- parmanent life insurance
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