An in-depth exploration of Paid-Up Value in insurance, explaining its implications, calculation, and importance.
Sum Assured refers to the guaranteed amount paid to the beneficiary by the insurance company in the event of the policyholder’s demise.
An in-depth exploration of Terminal Bonus, its historical context, key features, applicability, and more in the context of insurance policies.
The Face Amount, or Face of Policy, represents the sum of insurance provided by an insurance policy, payable at the time of death or policy maturity.
