Insurance plans that provide coverage of the death ony called "TERM ASSURANCE" those who only provides survival benefit plans are called "PURE Endowment IS. If the insured dies within the prescribed period, without the payment is made under a termassurance plan. dies similarly insured , with a specified term, without the payment is made under a pure endowment plan. the premium paid can be retured in whole or in part. both are as FIREINSURANCE policies. If the contingency referred doesnathappens, the policyholder odes not get some of the insurer are some popular palns that we study.
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