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Insurance

IRDA

As a finance professor, I would like to introduce you to the Insurance Regulatory and Development Authority of India (IRDAI). This governing body serves as the backbone of the insurance industry in India, safeguarding the rights of policyholders and promoting the steady development of this sector. Through its regulatory efforts, the IRDAI ensures the proper functioning and growth of the insurance market in India.

Insurance plan term

As a seasoned professor of finance, it's important to understand the concept of insurance plan terms. These terms represent the duration of an insurance plan, which conclude...

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Mortality table

The mortality table is a valuable tool used in the world of finance to determine the likelihood of death at different ages. It presents the number of deaths per thousand ind...

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Reasonable expectations

The principle of reasonable expectation, an extension of the adhesion doctrine, holds that insurance coverage should be interpreted based on what the insured would reasonabl...

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Temporary life annuity

An annuity is a financial product that provides a fixed stream of payments, typically for retirement purposes. It can be structured to pay out benefits for a specific number...

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