Paragraph match score 83.0%
Page A-927
What is Life Insurance Policy?
Life insurance is a financial contract between you and an insurer where, in exchange for regular premium payments, the insurer pays a sum assured to your nominees on your death.
Page A-930
What is Life Insurance? Types and Benefits
Life Insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a sum of money to the beneficiary when the insured person dies or after a pre-determined period in exchange for the premiums paid by policyholder.