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What is the principle of life insurance?

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I had been asked this question in a mock interview.

Other related questions to my question are:-

What is the principle of life insurance?

What is the meaning of principles of insurance?

What is life insurance class 11?

What is life insurance and what is its purpose?

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The correct answer is: What is life insurance? When employees have life insurance, it helps them financially protect their loved ones if the unthinkable should happen. Life insurance provides a payment, also known as a death benefit, to beneficiaries after the insured person's death.

The title of my answer can be Life insurance for employees

The reference of my answer is Group benefits

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asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
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