Life Insurance

BIB offers two types of life insurance: Term Plan: Term Life Insurance guarantees payment of a stated death benefit if the covered person dies during a specified term. The policy cost can be paid in full upfront or over several premiums. Once the term expires, the policyholder can either renew the policy, convert to permanent coverage, or terminate the policy. Investment Plan: This policy also guarantees payment of a stated death benefit if the covered person dies during a specified term. Once the term expires, the policyholder can receive a stated benefit.
Life Insurance

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