Skip to main content
Insurance

Consideration

This is typically done to protect individuals and businesses from financial loss due to unforeseen events. An insurance contract entails a fixed premium and a mutual understanding of the terms and conditions that ensue. The purpose behind this arrangement is to safeguard individuals and organizations against potential economic setbacks caused by unexpected circumstances.

Related terms

Optionally renewable

Understand the meaning and definition of Optionally renewable in the context of stock market, trading, and investments.

MORE
Loss adjustment expenses

Understand the meaning and definition of Loss adjustment expenses in the context of stock market, trading, and investments.

MORE
Pensions

Understand the meaning and definition of Pensions in the context of stock market, trading, and investments.

MORE
Actuary

Understand the meaning and definition of Actuary in the context of stock market, trading, and investments.

MORE
Original Age

Understand the meaning and definition of Original Age in the context of stock market, trading, and investments.

MORE
Aleatory contract

Understand the meaning and definition of Aleatory contract in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91