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Insuring the life against any odds/contingencies may happen in future, to make good to the loss caused due to happening of such events.
Simply providing financial protection to your dependents in case of your death or financial assistance to your medication in case of any loss caused to you due to any accident.
My2 cents. Thanks.
A life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit, unlike an insurance policy which allows investors to share in returns from the insurance company's investment portfolio.
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