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प्रश्न
What is importance of life insurance?
दीर्घउत्तर
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उत्तर
The importance of life insurance are as follows:
- Life insurance provides protection to the family in case of the untimely death of the insured individual.
- It offers financial protection at old age when the earning capacity of an individual is reduced.
- Life insurance acts not only as a protection but also as an investment because a certain sum of money is returned either at the time of maturity or at the time of death.
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