What is the working procedure of a life insurance policy?
A life insurance policy is defined as a contract between an insurance company and an individual. Here, the insurance company is known as the insurer, whereas the individual is known as the insured. It's often known as "the life assured." Here, the insurance company pays a specific amount of money to the beneficiary's family after the insured's demise up to a certain period. The insured will be required to pay a certain premium to the insurance company for a specific number of years. In the case of certain policies, you can execute the option of acquiring critical illness advantages or devise an additional protection plan for your family if you pass away from a sudden accident. Keep reading on to learn how to become a health insurance agent . Why should you choose a life insurance policy in India ? A life insurance policy is crucial, as it can shield you against critical illnesses. These life insurance policies are necessary to cover you from serious ailmen...