Keyword Analysis & Research: policy definition insurance

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Frequently Asked Questions

What does insurance policy mean?

An insurance policy is a contract which outlines an insurer’s obligations to a premium-paying party, known as the policy holder.

What are the types of insurance policies?

There are two basic types of life insurance policies viz. Traditional Whole Life and Term Life Insurance. A whole life is a policy you pay till death of the policy holder and term life is a policy for a fixed amount of time.

What is the definition of an insurance policy?

Insurance policy. In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay.

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