If you're wondering what life insurance means, you should know that a life insurance policy is a legal agreement between a person and an insurer under which the insurer guarantees the policyholder's financial security in return for regular premium payments (known as premiums). Often in Sri Lanka, life insurance policies are offered by the best life insurance company in Sri Lanka

According to the definition of life insurance, the insurer (insurance company) exchanges the premium payments made toward a life insurance policy for the payment of an amount promised to the policyholder or the designated beneficiaries in the event of the policyholder's untimely death.

According to the agreement, the insurance company will pay the individual or his family a lump sum amount after a specific period in the case of the policyholder's death or if the policy matures. To meet the particular needs and expectations of the policy purchasers, there are several types of life insurance plans.

Before you get life insurance, it's crucial to understand the contents, regulations, advantages, and features of different life insurance policies to get the best life insurance in Sri Lanka.

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