Question

Importance of settlement of claim in life insurance

Answer 1

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Claim settlement is also an important part of the risk management system.

Selection of a proper life insurance policy is a basic requirement of individual's risk management policy.

The easy and timely settlement of a valid claim is an important function of an insurance company.

Answer 2

Explanation:

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Claim settlement is also an important part of the risk management system.

Selection of a proper life insurance policy is a basic requirement of individual's risk management policy.

The easy and timely settlement of a valid claim is an important function of an insurance company