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Insurance Policies
By : Krish110 |
Members :1
Location : jaipur , India
Type : Public
Created on :
01 Dec 2009
Last Updated on :
01 Dec 2009 |
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Findfriendz / Clubs / Business & Finance / Insurance Policies
Insurance Policies
Insurance Policies , life insurance is a contract between the insurer and the policy owner whereby a benefit is paid to the designated beneficiaries if an insured event occurs which is covered by the policy.
The value for the policyholder is deriv ed, not from an actual claim event, rather it is the value derived from the ’peace of mind’ experienced by the policyholder, due to the negating of adverse financial consequences caused by the death of the Life Assured.
To be a life policy the insured event must be based upon the lives of the people named in the policy. More

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