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Life Insurance

Life insurance is a contract between a policyholder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.

rate-of-interest

LIC's rate of interest for various financial transaction for FY 2016-17

Life Insurance Corporation of India (LIC) every year declares the rate of interest to charged on the various financial transaction […]

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