Technically,
term plans can be described as a
contract between the person insured and the insurance company wherein the company agrees to payout the lump - sum amount, referred to as the Sum Assured if the policy holder expires
during the
term of the plan.
A
Term plan with Return of Premium is a contract between the applicant and the Life Insurance Company, under which the applicant agrees to pay a certain amount of money (Premium) per year for a fixed period in order to receive a guaranteed amount of money (Sum assured) in the event of his death during the policy term, payable to his nominee (any family memb
Term plan with Return
of Premium is a
contract between the applicant and the Life Insurance Company, under which the applicant agrees to pay a certain amount
of money (Premium) per year for a fixed period in order to receive a guaranteed amount
of money (Sum assured) in the event
of his death
during the policy
term, payable to his nominee (any family memb
term, payable to his nominee (any family member).
The Listing
Contract signed between the seller and the Realtor stipulated that the commission is payable «upon a binding contract of sale of the property entered into during the term of the Listing Contract
Contract signed
between the seller and the Realtor stipulated that the commission is payable «upon a binding
contract of sale of the property entered into during the term of the Listing Contract
contract of sale
of the property entered into
during the
term of the Listing
ContractContract».