Sentences with phrase «such life assurance policy»
It is due in respect of premiums payable under any such life assurance policy issued in respect of an insurance made before 20 March 1968.
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Life Insurance or assurance is a legal contract between the insurer or the insurance company, and policy owner / holder who is the person availing of the plan and whose family will receive money upon his / her death or any other event such as terminal disease.
In addition, such policies for the most part require a medical exam that provides the insurance company the assurance that the person is in good health and is expected to live at least for the first few years that the policy is in place.
The company currently provides various life insurance products including term assurance plans, money back plans, endowment plans such as the LIC single premium policy we will discuss in detail on this page below, retirement solutions, unit linked insurance covers, group plans and rural plans, among others.
Advising on or selling investments such as equities, life assurance policies, collective investment schemes and individual or stakeholder pensions are all controlled functions.