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Frequently Asked Questions
  • 01. What is meant by insurance plans?
    An insurance plan is the one that consists of a premium amount and other components used in getting a product insured. There may be various types of insurance plans with varying terms and policies.
  • 02. What kind of life insurance builds cash value?
    The rest of the premium payment will go toward your policy's cash value. The life insurance company generally invests this money in a conservative-yield investment. As you continue to pay premiums on the policy and earn more interest, the cash value grows over the years.
  • 03. What are the common components of insurance?
    The most important components of most insurance plans are the premium and the contract. Anything written in the contract becomes its crucial component.