In today’s world, where uncertainties are prevalent, securing our loved ones’ financial future has become more critical than ever. Term insurance offers a cost-effective way to provide financial protection and peace of mind. However, a lack of awareness about the terms and conditions often leads to people paying extra premiums. In this comprehensive guide, we will delve into the world of term insurance, emphasizing the importance of understanding claim settlement and amount settlement ratios of insurance companies. We will also discuss the impact of COVID-19 on these ratios, highlight solvency…
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