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. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
Who is Hjalmar Gibelli?Hjalmar Gibelli from this space we want to provide you with impartial information to guide and appreciate the essential value of insurance.
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This type of coverage, in general, acts in two ways: partially and totally. If the client decides to take partial coverage, the insurer can help him in certain aspects contemplated in the contract.Read more
When a person takes out life insurance, they do so for multiple reasons: to take care of their life and that of their family, and to have financial support that gives them peace of mind at the time of death.Read more
Is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.
Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.
What is a life insurance?
This Video explains it clearly