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

Grace Period

A grace period is a timeframe provided to policyholders after the due date for premium payments. This allows them additional time to make the payment without the risk of their policy being terminated. During this period, the policy remains active and the premium is still required to be paid. This provision offers flexibility and protection to policyholders who may need more time to make their payments.

Actuary

In the realm of finance, there exists a skilled individual known as an insurance professional. This expert is well-versed in the analysis, evaluation, and management of stat...

More

Severity

is the size of a loss. When assessing insurance premiums, one crucial factor to consider is the size of potential losses. This refers to the magnitude of financial damages t...

More

Mortgage clause

In insurance contracts, there exists a clause which grants the mortgagor of a property the first right of recovery. This essentially means that in the event of a claim, the ...

More

Reinsurance pool

Reinsurance is a crucial tool in the world of finance, particularly in the insurance industry. It allows for the transfer of risk from one insurer to another, providing a la...

More