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 Posted: Wed Apr 08, 2009 11:18 am Post subject: Give more information about life cycle policy |
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Hey guys i have joined this forum to know more about insurance issues .
Can any one tell me :-
1 ) What is life cycle policy ?
2 ) What is benefits of life cycle policy ?
3 ) Suggest me some life cycle insurance companies in USA.
I will hope you will help me to know about life cycle policy.
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Thanks
Buckisaa  |
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buckisaa
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Joined: 27 Mar 2009
Posts: 57
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| Posted: Wed Apr 08, 2009 1:15 pm Post subject: |
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hey Buckisaa .....1 st of there is nothing like 'life cycle policy' ... if i am not wrong......the thing is 'Life insurance policy' ..................
1. Life insurance is a kind of contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums
2. benefits are what others insurance policies provide u ' SECURITY'............ after ur death ur dependents can have that sum of money
3. AllState , encompass, deerbrook are some good companies...
Hope my answer satisfies.... |
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SuperAgent
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Joined: 06 Apr 2009
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| Posted: Wed Apr 08, 2009 3:36 pm Post subject: |
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| If I am not wrong, it is a software and not a policy!!! |
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VIJAYRAJ
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Joined: 11 Dec 2008
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| Posted: Thu Apr 09, 2009 9:15 am Post subject: |
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Hi
| Quote: | | If I am not wrong, it is a software and not a policy!!! |
Life cycle policy refers to the systems and the different steps involved in insurance processing. Such steps may include data capture for the new policy, the process of underwriting as well as the premium rating.
The process of life cycle may further stretch till policy cancellation and renewal. So, you can understand how it possesses different elements of management, regulations and statistics.
ArindamSenIndies |
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ArindamSenIndies
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Joined: 14 Feb 2007
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