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An agreement or contract between an insurance company and a policyholder is defined as life insurance. In exchange for a premium, the insurance company agrees to pay a lump sum amount of money if the insured dies unexpectedly or after a certain period of time.
A health insurance policy can repay medical bills or provide cashless treatment in the event of an illness or an accident.
The most significant document for all car owners/drivers is their automobile insurance policy. Its primary goal is to provide total protection against natural and man-made disasters causing physical damage or loss to the covered vehicle. Apart from own-damage coverage, the auto insurance policy also covers third-party liabilities stemming from any third-party damage, injury, or death.
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