What is life insurance and its scope?
A life insurance policy is essentially a contract between an individual and an insurance provider, where the company promises to pay a specified amount of money to the family or beneficiary of the individual, in return for regular payments over a period of time.
What is the scope of insurance?
In the case of the Insured Event, the Insurer shall compensate the affected party for the property or health damage for which the Insured is liable, i.e. pay the costs of the Insured associated with the return of the situation to the previous condition.
What is the scope of health insurance in India?
What is the Scope of Health Insurance Policy? The scope of the policy covers all the information about health policy. By going through the policy scope, you can exactly know what is included and excluded from the policy. Other terms and conditions related to pre and post-hospitalization expenses, cashless claims, etc.
Is there high demand for life insurance?
Life insurance is an essential product for many people, and the demand for it is always likely to remain high, says Chavez. This means that there are always going to be opportunities for people who are willing to work in this industry.
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