Whole
Life Insurance
- premium amount is determined for a fixed period of time
- premium has to be paid for a designated period
- In case the insured expires within the insurance period, a cumulative amount is paid to the person so desired by the insured or his/her lawful right-holder
- the insured cannot reimburse this insurance sum during his lifespan
- this whole life insurance scheme stands as an ideal insurance for the financial security of the family