Insurance policy

 

Meaning of the word: Insurance policy

Insurance or insurance policy is a agreement between the insurer and the insured or policyholder. It is a paid service, when the insured pay regular insurance amounts to insurer. The insurer undertakes to ensure that if there is an incidental claims, shall pay the costs. The insurance applies only to previously agreed contractually written event is paid only in compliance with all the conditions.

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FROM DICTIONARY

Universal life insurance

Universal life insurance is a flexible type of classic life insurance. Customers can change the payment of insurance, but they also can change the…

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