Individual Life Assurance is a contract in which a policyholder pays regular premiums to benefit through their beneficiaries in case of death.
It allows you to accumulate funds over a short term through saving for future benefits, e.g., Car, Purchase a house, plot of land etc. .
It gives a guaranteed return on investment straight from policy inception (start).
It is a type of life insurance policy designed to pay off a borrower’s outstanding debts if the borrower dies.
It is a type of life insurance policy designed to pay off a borrower’s outstanding debts if the borrower dies.
It is sold when one is taking a mortgage, car loan, or a line of credit.