InsuranceLong-term care Manifestation doctrine Second-to-die life insurance Hull insurance Completed operations coverage Disability loss
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 Long-term care in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Manifestation doctrine in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Second-to-die life insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Hull insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Completed operations coverage in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Disability loss in the context of stock market, trading, and investments.
MOREExplore other categories
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
