Finance

Term Insurance

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Life Insurance is a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium after a set period or upon the death of an insured person.

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1. Who is a policyholder?

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2. What is Sum Assured?

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3. Who is a nominee?

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4. What is the difference between a policy term and premium payment term?

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Usually the following set of documents will be required to claim against a non-life insurance policy:

  1. Proposal form

  2. Age proof

  3. Address proof

  4. Medical examination report for health and RC book of the vehicle for the motor insurance. 

  5. Income proof

  6. Invoice of the vehicle

Frequently Asked Question

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