Life Insurance Meaning & Definition

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Life Insurance Meaning Definition
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Life Insurance - Meaning

• Life Insurance can be defined as a contract
  between an insurance policy holder and an
  insurance company, where the insurer promises to
  pay a sum of money in exchange for a premium,
  upon the death of an insured person or after a
  set period.
• Here, at ICICI Prudential Life Insurance, you pay
  premiums for a specific term and in return, we
  provide you with a Life Cover.
• This Life Cover secures your loved ones future
  by paying a lump sum amount in case of an
  unfortunate event.
• In some policies, you are paid an amount called
  Maturity Benefit at the end of the policy term.

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