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Insurance

Bonus

The bonus, also known as the policyholder's dividend, is an additional sum that is received during the term of an insurance plan or at its maturity. This is only granted if the policyholder has paid all premium amounts for a specified minimum number of years. Essentially, the bonus is an added amount to the basic sum assured in a with-profit life insurance policy.

Insured pension plans

An insurance company is responsible for managing employee benefit plans, which are designed to provide financial security to employees. These plans offer a variety of benefi...

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Single-premium annuity

An annuity is a financial product where the purchase price is paid in a single, upfront payment. This type of investment provides regular income payments over a specified per...

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Named-perils agreement

A vital aspect of insurance contracts is the specification of covered perils. This refers to the events or risks that the insurer agrees to protect the policyholder against....

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Premium Waiver Benefit(PWB)

Premium waiver benefits refer to the benefits that can be obtained through a policy where the future premiums, up until the vesting date, are waived in case of the proposer'...

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