The Romans knew of the first life insurance, and the first document wasreleased in 1653 As the technology advances the development of life insurance, especially in light of the emergence of modern statistics, such asactuarial calculations.
This provides a type of insurance multiple forms of financial security toindividuals at the time of the risk of death at an early age or access to old age and was income to the shortage also provides financial guarantee to the individual in the case of survival age specific and to the heirs in the case of the death of the breadwinner and provide documentation of such savingsLoans for individuals to meet their obligations to ensure the variousdocuments and the most important types of insurance provisional, mixed,personal accident, disability coverage
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