A settlement is a guaranteed lump sum amount of money that a person could receive to cover their injury - related expenses. (pricebenowitz.com)
At the end of this time, you get a huge lump sum amount of money back which will include the interest earned. (policybazaar.com)
In this scheme, the beneficiaries such as family / dependents of the life insured will get lump sum amount in case of death or critical illness. (rupeenomics.com)