The definition of total disability creates the highest premium for the insured is "LIC's Jeevan Pragati Plan".
The premium is considered as the revenue generated by insurance companies. It is the amount that have to paid by the insure for an insurance contract.
The amount of premium is being decided after considering various factors and the amount is generally higher than the risk associated with an insurance policy, the higher the premium that will be paid.
The whole life policies are benefited for the insured. As per the guinness record over a valued at total $201 million insurance policies are ever sold.
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