MANAGEMENT

Detailed explanation-1: -A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured.

Detailed explanation-2: -2) The insured is the person whose life is being covered against the risk under the policy. 3) The insurer is the insurance company that provides the insurance cover. 4) The proposer is the person who takes the cover and is also called the policyholder.

Detailed explanation-3: -All insurance policies have a policyholder. A policyholder is the person who has purchased and owns an insurance policy.