1. Introduction 1.1 What is Life Insurance? Life insurance is a financial tool designed to provide security and peace of mind. It ensures that the insured’s beneficiaries receive a predetermined sum of money in the event of their demise. In exchange, the insured pays regular premiums. Life insurance acts as a safety net, shielding families … Read more
5.1 Term Life Insurance Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years. In 2025, it remains popular due to its affordability and simplicity. It ensures substantial financial protection for dependents at a minimal cost, ideal for young professionals and families. 5.2 Whole Life Insurance Whole life insurance … Read more
1. Introduction to Life Insurance in 2025 1.1 Overview of Life Insurance Life insurance is a financial safety net that protects families and dependents against the uncertainties of life. In 2025, its significance continues to grow, influenced by societal changes, economic shifts, and technological advancements. 1.2 Evolution of Life Insurance Over the Decades Over the … Read more
1. Introduction to Technology in Life Insurance 1.1 Overview of Life Insurance and Its Evolution Life insurance has always been a cornerstone of financial security, designed to protect loved ones and ensure financial stability in times of loss. Over decades, it has evolved from simple policies covering death benefits to complex solutions offering savings, investment … Read more
Enhanced Transparency and Trust 5.1.1 Role of Blockchain in Record Keeping Blockchain technology is revolutionizing record-keeping in life insurance by creating immutable and transparent records of transactions. This decentralized ledger system eliminates the need for intermediaries and ensures that records, such as policy details and claims, cannot be altered without consensus. Insurance providers can use … Read more