Skip to main content
Insurance

Single-premium life

is called a single-premium whole life policy.

A single-premium whole life policy, as its name suggests, is a type of whole life insurance where the premium is paid in one lump sum. This means that the policyholder only needs to make one payment to secure coverage for their entire life. Unlike other types of life insurance, which require multiple premium payments over a period of time, this policy provides immediate and lifelong coverage with just one payment. This can be a great option for individuals looking for a one-time, hassle-free approach to securing financial protection for their loved ones.

Related terms

Risk manager

Understand the meaning and definition of Risk manager in the context of stock market, trading, and investments.

MORE
Implied warranties

Understand the meaning and definition of Implied warranties in the context of stock market, trading, and investments.

MORE
Common disaster clause

Understand the meaning and definition of Common disaster clause in the context of stock market, trading, and investments.

MORE
Deductible

Understand the meaning and definition of Deductible in the context of stock market, trading, and investments.

MORE
Date of commencement

Understand the meaning and definition of Date of commencement in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91