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Insurance

Compulsory auto insurance

In the world of finance, there exists a minimum threshold for auto liability insurance that is mandated by law. This coverage protects individuals from financial losses in case of an accident. It is crucial to understand this requirement and ensure that it is met to safeguard our financial well-being. So, let us delve into the details of this essential aspect of finance.
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Family Policy
A family life insurance policy is a comprehensive contract that offers coverage for multiple members of a household. Typically, the main breadwinner holds a whole life insur...
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Indirect loss
A professor of finance understands that in the world of risk management, there are various types of losses that can occur. One such loss is known as an indirect loss, which ...
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Paidup Value
In the realm of insurance, the term "paid-up value" refers to the decreased sum assured that an insurer will provide if the policyholder stops making premium payments after ...
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Personal coverages
Income protection insurance is a type of insurance that safeguards against potential interruptions in an individual's income caused by unexpected events. It provides financi...
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Business income insurance
Business interruption insurance provides financial protection for a decrease in income resulting from a covered disaster. This type of coverage can help businesses stay aflo...
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Endowment
An endowment insurance policy offers the benefit of a lump sum payment in the event of the insured's death during the policy term or upon survival until the end of the term....
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