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Whole life insurance pays a death benefit and cash value. Whole life insurance is not a type of term life insurance, which pays only on death or disability. Whole life insurance provides coverage in case the insured dies within a certain period, say 10 years, and provides coverage for up to 20 years. The cash value of whole life insurance is the amount of money that an individual can withdraw from their policy's cash value account after paying premiums for a certain number of years.
Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
To download an Edelweiss Tokio life insurance policy statement, you typically need to follow the below steps.
To download a Canara HSBC OBC life insurance policy statement, you typically need to follow the below steps.
To download a Bharti AXA life insurance policy statement, you typically need to follow the below steps.
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