SIPs hit a new high in November, exceeding ₹17,000 crore
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sales@bcfc.in
SIPs hit a new high in November, exceeding ₹17,000 crore
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A life insurance policy is a contract between an individual (the policyholder) and an insurance company.
In exchange for regular premium payments, the insurance company agrees to provide a lump sum payment, known as the death benefit, to the designated beneficiaries upon the death of the insured person.
The purpose of life insurance is to provide financial protection and support to the policyholder's family or dependents in the event of their death.
There are also several plans that offer maturity benefits and certain policies offer investments as a component along with insurance
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