UNIT – 2Life Insurance Agreement • December 20th, 2019
Contract Type FiledDecember 20th, 2019Life Insurance is an arrangement between the Insurance company/Government which guarantees of compensation for loss of life in return for payment of a specified premium. In Life Insurance, the beneficiary whose name has been mentioned in the contract receives the specified sum, from the insurer in case of happening of the event i.e. Loss of Life.