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प्रश्न
Define Life Insurance.
उत्तर
Life insurance is a contract under which the insurance company (called the insurer) agrees to pay the specified amount (called sum assured) on the death of the insured person or upon the expiry of a specified period, whichever is earlier, in consideration of the regular premium. Life insurance is the most popular form of insurance because it plays a vital role in the lives of the public.
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संबंधित प्रश्न
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Explain the importance of marine insurance.
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Distinguish between Life Insurance, Fire Insurance, and Marine Insurance.
