Mr Suresh Shedge is known as the Million Dollar Club Member of Panvel City. He is working for past 18 years as full time Insurance Agent with the biggest and most trusted Insurance Company, which is popularly known as LIC Life Insurance Corporation of India.
The insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies.