The format of the policy. It has many forms and names is the name of each company. All forms and premium rates must be approved by the Registrar of Insurance. (General Insurance) will be offered to the public.But in principle Whether it is insurance or any form whatsoever. Shall be subject to a total of 4 types of life insurance.
1. Period. Provide coverage during a period of time specified in the policy.The company will pay the insured amount to the beneficiary. If the insured dies within the time specified.
2. Life will pay the amount insured. The beneficiary if the insured dies. I will die at any time.
** Both 1 and 2 is paid to the beneficiary if the insured is deceased.
3. Savings. The company will pay the full amount of insurance. The beneficiary if the insured dies within the period specified. Or pay the insurance for the insured in the event of a life time of the escape.
4.'s Money. The company will pay a regular basis. Or pensions paid by the insured from the insured can not work normally due to aging. Until that date. (Probably a short period of time. Or over time).
** 3-footer and a 4 is paid, provided that the insured must survive until the period specified.
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