Life Insurance Corporation Act, 1956*
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A single premium life insurance policy is one where you pay an amount
(a premium) to the insurer at the beginning of the policy. You may also be
able to pay additional premiums. This type of policy pays out a lump sum
on its maturity or if you (or another life assured) should die. You may also
withdraw sums or a loan may be made by the insurer or by arrangement
with it, while the policy is in force, or you may sell or assign the policy or
surrender it completely before it is due to mature.
This type of policy can never be a qualifying...
Nội dung trích xuất từ tài liệu:
Life Insurance Corporation Act, 1956*
Nội dung trích xuất từ tài liệu:
Life Insurance Corporation Act, 1956*
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