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Life insurance is a financial product that offers a contract between an individual (the policyholder) and an insurance company. In exchange for regular premium payments, the insurance company provides a lump-sum payout known as the death benefit to the beneficiaries nominated by the policyholder in the event of the insured's death during the policy term. Life insurance provides financial security and support to the insured's family or dependents, ensuring that they are protected from financial hardships in case of any unfortunate event. It serves as a vital tool for long-term financial planning and safeguarding the future of loved ones. The minimum period of a life insurance contract would be 5 years and can extend up to 99 years depending on the type of policy.
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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