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

Increasing term insurance

Understand the meaning and definition of Increasing term insurance in the context of stock market, trading, and investments.

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Reciprocal

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

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Authority

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

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Contributory negligence

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

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Probate

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

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Increasing term

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

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