Life Insurance Meaning In English

LIFE INSURANCE noun Sense 1. life insurance noun uncountable BFI.

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WHOLE LIFE INSURANCE used as a noun is very rare.

Life insurance meaning in english. Life insurance is a contract between an insurance policy holder and an insurer or assurer where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium upon the death of an insured person. Life-insurance meaning in Bengali - . Life insurance is a form of insurance in which a person makes regular payments to an insurance company in return for a sum of money to be paid to them after a period of time or to their family if they die.

N a form of insurance providing for the payment of a specified sum to a named beneficiary on the death of the policyholder. Life insurance laf nrns. WHOLE LIFE INSURANCE noun The noun WHOLE LIFE INSURANCE has 1 sense.

Definition of life insurance. Insurance is contract between two parties one the insurer and second the insured whereby the insurer agrees to undertake the risk of the insured in consideration of some amount known as premium and in return promises to compensate a fixed sum of money to the insured party on happening of an uncertain event like DEATH. Insurance paid to named beneficiaries when the insured person dies.

What does whole life insurance mean. Insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured Familiarity information. English Bangla English E2B Online Dictionary.

The beneficiaries of your life insurance policy receive a lump sum that covers bills everyday expenses and various anticipated costs such as medical bills or college tuition. ns UK also life assurance a system in which you make regular payments to an insurance company in exchange for a fixed amount of money that will be paid to you when you reach a certain age or paid to someone you have named usually a member of your family when you die SMART.

Life insurance Life insurance is a form of insurance in which a person makes regular payments to an insurance company in return for a sum of money to be paid to them after a period of time or to their family if they die. Insurance providing for payment of a stipulated sum to a designated beneficiary upon death of the insured. N-uncount life assurance I have also taken out a life insurance.

Depending on the contract other events such as terminal illness or critical illness can also trigger payment. Egg beater Previous. Watch Meaning and Definition of Life Insurance in English from Insurance here.

Life insurance is a plan for the unexpected it offers financial protection to your loved ones if you die suddenly by replacing your income. Life assurance synonyms life assurance pronunciation life assurance translation English dictionary definition of life assurance. A type of insurance that someone makes regular payments into so that when they die their family will receive money SYN life assurance Examples from the Corpus life insurance But alarming as the recent revelations are the message should not be to forget about life insurance.

Nouns denoting possession and transfer of possession. A system in which you make regular payments to an insurance company in exchange for a fixed. Life insurance noun .

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