GuideUpdated Nov 2026 · 1 min read
Life Insurance Basics
Life insurance pays a sum on death or at maturity, in return for premiums.
Life insurance pays a sum on death or at maturity, in return for premiums. It protects dependants against the loss of income.
Core Terms
- check_circleSum assured: the amount promised.
- check_circlePremium: the price paid.
- check_circleNominee: who receives the claim.
FAQs
What does life insurance protect against?expand_more
The financial loss from death, and in some plans, long-term saving needs.
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