Life is full of uncertainties and that is the reason we all need to have a life insurance policy to cover the contingency linked with our life.

A regular term life insurance may provide the sum assured in the event of a loss of life whereas an endowment policy may provide both death and maturity benefits.

Human life cannot be valued in monetary terms. A normal life insurance policy, be it a term or an endowment, just tries to determine a pecuniary and financial sum to be paid to our surviving dependants or after the end of the term.

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