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  2. Life Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Life_Insurance_Corporation

    Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$630 billion) as of March 2024. [ 4 ]

  3. What is a life insurance premium and how does it work? - AOL

    www.aol.com/finance/life-insurance-premium-does...

    An intriguing aspect of life insurance, especially within whole life policies, is the concept of limited-pay life insurance. This variation allows for a more accelerated premium payment schedule ...

  4. Premium financing - Wikipedia

    en.wikipedia.org/wiki/Premium_Financing

    Premium financing is the lending of funds to a person or company to cover the cost of an insurance premium.Premium finance loans are often provided by a third party finance entity known as a premium financing company; however insurance companies and insurance brokerages occasionally provide premium financing services through premium finance platforms.

  5. Gross premiums written - Wikipedia

    en.wikipedia.org/wiki/Gross_premiums_written

    Direct premiums written represents the premiums on all policies the company's insurance subsidiaries have issued during the year. In the United States, assumed premiums written represents the premiums that the insurance subsidiaries have received from an authorized state-mandated pool or under previous fronting facilities.

  6. Insurance policy - Wikipedia

    en.wikipedia.org/wiki/Insurance_policy

    In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.

  7. Universal life insurance - AOL

    www.aol.com/finance/universal-life-insurance...

    Flexible premium payments: Universal life insurance allows you to adjust your premium payments. As long as there’s enough cash value to cover costs, you can pay more during good financial ...

  8. Life Insurance vs. Disability Insurance: What’s the Difference?

    www.aol.com/finance/life-insurance-vs-disability...

    Triggering event: Life insurance providers give a payout to family members when the policyholder passes away, while disability insurance providers pay policyholders when they are unable to work ...

  9. Life insurance in India - Wikipedia

    en.wikipedia.org/wiki/Life_insurance_in_India

    Life insurance is one of the growing sectors in India since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%. In 1955, mean risk per policy of Indian and foreign life insurers amounted respectively to ₹2,950 & ₹7,859 [ 1 ] (worth ₹15 lakh & ₹41 lakh in 2017 prices).