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Insurance

Accident & Accidental Death Benefit

This includes accidents caused by external, violent, and visible means. As we delve into the world of life insurance, it is important to understand the concept of accident or accidental death. It refers to an unexpected and abrupt event that leads to disability or death of the policyholder. This encompasses accidents caused by external factors, such as violence, as well as those that are visible to the naked eye. In simpler terms, it covers any unfortunate incident that is sudden and unforeseen.

Financial risks

Understanding the concept of risk is crucial in the world of finance. It encompasses various factors such as credit, foreign exchange, commodity trading, and interest rates....

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Bind

An important concept in property and liability insurance is the authority given to agents to accept offers from potential insured individuals without consulting the insurer....

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Last Birth Day (l.b.d)

Age at last birthday refers to the age of an individual at their most recent birthday. This term is commonly used in finance to calculate an individual's age for various pur...

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Positive act

One common term used in the world of finance is "tort," which refers to an action that can potentially cause harm or injury to another person or their property. This term is...

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