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The term Assurance refers to ___________.

  • The term Assurance refers to Life insurance business.
  • The term "Assurance" is often used to highlight the long-term nature of life insurance policies, which provide financial protection to the policyholder's beneficiaries in the event of the policyholder's death.
  • In the life insurance context, the term "Assurance" is typically used to refer to policies that provide coverage for a specified period, such as 10 or 20 years, or for the policyholder's entire life, rather than policies that provide coverage for a specific event, such as a fire or a theft.