1. definitionsLife insurance is a type of insurance in the BHCN in the BHTM. So, life insurance also brings the full nature of general insurance. Life insurance is the commitment between the insured and the insured, in which the insurance will pay for the participants (or the beneficiary benefits) a certain amount when the stated event occurs (in case the insured person die or live up to a certain point) also, participants must pay the full premium, timely. In other words, life insurance is the insurance process for risk related to life, and life expectancy of humans.
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