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How To Understand Term Assurance

Business : Insurance

Term assurance is a form of insurance. In fact, it's the most basic form of life assurance available.

In return for a monthly premium, a specified person receives life cover. The life cover, which is termed as 'the sum assured' is only paid if the person covered dies during the term of the policy. And that's why it is called term assurance.

By: Peter

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