Life insurance contracts
- Level
- Class
- Parent
- 64120000
- Below
- 7
- Links · KBLI
- 10
Definition
UNSPSC 64122000Life insurance is a contract between an insured and an insurer or assurer, wherein the insurer promises to pay a designated beneficiary a sum of money --the benefits-- in exchange for a premium, upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses such as funeral expenses are also sometimes included in the benefits.
Same parent
Under 64120000 · 6Activities that produce or sell this
KBLI · 10Inherited from family 64120000.
Warning
The links were generated with a large language model (Gemini 3.5 Flash), matching UNSPSC at the family level to KBLI at the kelompok level. Some of them maybe are wrong, so check any link you intend to rely on.