InsuranceAfter Tax Rupees Policy Term Mortgagee Combined ratio Risk reduction Life Annuity
Double Cover
In the world of finance, there exists a term known as "additional sum". This term refers to an amount of money that is equivalent to the sum assured and is paid out when a claim is made. It is important to understand this concept as it directly impacts the payout received by the claimant. Essentially, the additional sum acts as a safety net, ensuring that the claimant receives the full amount they are entitled to. This reinforces the importance of carefully considering the sum assured when making financial decisions.
Related terms
Understand the meaning and definition of After Tax Rupees in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Policy Term in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Mortgagee in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Combined ratio in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Risk reduction in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Life Annuity in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
