Do you know about life insurance

Question

Accepted Answer

Yes, I am familiar with life insurance.

Life insurance is a contract between an individual and an insurance company, where the company provides financial protection to the individual's beneficiaries upon their death.
It is designed to provide financial security and support to the insured person's family or dependents in the event of their untimely demise.
Life insurance policies can also offer additional benefits such as cash value accumulation, tax advantages, and the ability to borrow against the policy.
There are different types of life insurance policies, including term life insurance, whole life insurance, and universal life insurance.
Premiums for life insurance policies are based on factors such as the insured person's age, health, lifestyle, and coverage amount.
Life insurance can be an important part of financial planning, ensuring that loved ones are protected financially in case of the insured person's death.

Accepted Answer

Yes I know about insurance

Top HR questions asked in Shriram Life Insurance Business Retention Executive