Insurance

Graded Premium Policy

This particular type of whole life policy caters to individuals seeking a higher level of life coverage but are unable to afford it at the moment. It involves paying a lower premium rate that gradually increases within the initial three to five years before stabilizing for the remainder of the policy's duration.

Related terms

Long-term care

Understand the meaning and definition of Long-term care in the context of stock market, trading, and investments.

MORE
Unplanned retention

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

MORE
Surplus

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

MORE
Loss costs

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

MORE
Mortality Cost

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

MORE
Key person insurance

Understand the meaning and definition of Key person insurance in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers