Skip to main content
Insurance

Guaranteed Addition

Guaranteed additions, a key concept in finance, are calculated by multiplying a predetermined rate with the sum assured. These additions are then added to the basic sum assured and are paid out upon the approval of a claim. This valuable benefit is only applicable for the years in which premiums are paid. It is a crucial element to consider when making financial decisions.

Related terms

Unfunded retention

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

MORE
Moral hazard

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

MORE
Term Insurance Rider

Understand the meaning and definition of Term Insurance Rider in the context of stock market, trading, and investments.

MORE
Hazards

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

MORE
Apportionment

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

MORE
Noncancellable

Understand the meaning and definition of Noncancellable 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

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.5 Cr+ happy customers
+91