Medi Assist Healthcare IPO

Home Insurance

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Insurance

Endowment insurance

Welcome everyone, today we will be discussing the concept of life insurance. This is a type of financial protection that guarantees a payout at the end of a specified time period, as long as the insured person is still alive. In case of the unfortunate event of death before the end of the period, the predetermined amount will be paid to the beneficiary. It provides peace of mind to individuals and their loved ones by ensuring financial stability in the face of unexpected circumstances.

Insuring agreement

Insurance policies have a crucial component called the insuring agreement. This section outlines the responsibilities of the insurer and the terms under which they are bound ...

More

Direct writers

Insurance companies can use various methods to sell insurance directly to the public. This can include using exclusive agents, their own employees, or even online platforms....

More

Grace period clause

In the realm of life insurance, there exists a provision known as the grace period, which grants the policyholder an additional 30 days to make a premium payment before the p...

More

Moral hazard

One must be cautious of moral hazard in the realm of insurance. This refers to the risk posed by an individual's apathetic or deceitful behavior towards their insured proper...

More