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43718944-Utf-8-Life-Insurance-Ppt-2

43718944-Utf-8-Life-Insurance-Ppt-2

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Published by Susheel Thakur

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Published by: Susheel Thakur on Jan 30, 2011
Copyright:Attribution Non-commercial

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09/09/2011

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LIFEINSURANCE
 
INTRODUCTION TO LIFE INSURANCE
LIFE INSURANCE
Purchase policy ; insurance company promises to pay a lump sum atthe time of the policy holders death , or sometime while they are stillalive.
PURPOSE OF LIFE INSURANCE
Protect someone who depends on you from financial loss related toyour death . Other reasons are:
To leave at part of your estate.
To save money for retirement or for income or education forchildren.
To pay off a mortgage or debts at the time of death.
 
CHARACTERISTICS OF LIFE INSURANCE
1.Outcome of an offer2.Payment of Sum Assured3.Payment of Premium4.Contract of Contingency5.Insurable Interes6.Provides Financially help7.Encouragement of savings8.Wide Scope

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