Business Studies, asked by freddylalrinkima2323, 7 months ago

define life insurance?

Answers

Answered by snehatanti

Explanation:

Life insurance 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 in exchange for a premium, upon the death of an insured person

Answered by gargr5516

Answer:

A Life Insurance policy is a policy contract with an insurance company. The company provides an assured sum to the policyholder's family in the case of the life assured passing away

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