
Life Insurance in a layman’s term is a contract between the insurer and
the policy owner where the insurer agrees to pay a sum upon the policy owner’s
death. In return for this, the policy owner agrees to pay a stipulated amount
known as ‘premium’ at agreed intervals. In short, life insurance is a
risk protection for everyone.
Life Insurance is extremely important now-a-days, as life has become
highly uncertain. You never know when life...