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

Involuntary coverage

In finance, there exists a concept known as 'mandatory insurance'. This pertains to the government's requirement for specific groups or individuals to purchase insurance under certain circumstances. This insurance serves as a safety net, providing financial protection in case of unforeseen events. It is crucial for individuals to understand their obligations and the benefits of such insurance, as it can greatly impact their financial well-being. Let us explore this topic further.

Guaranteed renewable

An insurance policy that cannot be terminated by the insurer before a predetermined age. In this type of policy, the premiums can only be increased for all individuals withi...

More

Standard premium

When determining the cost of manual rates for an employee, it is important to take into account their level of experience. This can be done through experience rating, which ...

More

Electronic commerce / e-commerce

The concept of e-commerce has revolutionized the way businesses operate, including the sale of financial products. One such example is the sale of insurance through online p...

More

Asymmetric information

One important concept in the world of finance is an insured's knowledge of potential losses, which is not accessible to insurance companies. This understanding plays a cruci...

More