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writtern by creativeinstep
The application stage is the first and primary stage of an insurance life cycle.
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The customer offers coverage through an application and all necessary details, along with valid reasons and proof.
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Like if you have medical insurance and you are hospitalized due to a medical emergency
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Have to pay the bill of thousands of dollars. Here, you need to apply for coverage with the bill as proof.
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The policy of insurance is just like the legal deed or contract between the insurance company and the customer,
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This includes the maturity benefits, nominee details, beneficiary details in case of the death of the customer,
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intervals when the premium is paid, and many more related agreements.
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