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Insurance

Life Assured

It is the basic concept of life insurance. Life assured is a term that refers to the individual whose life is being insured through a life insurance policy. This fundamental concept lies at the core of understanding life insurance. It is crucial to recognize that the life assured is the person whose life is being financially protected in the event of their death. In simpler terms, they are the beneficiary of the life insurance policy. This understanding is essential in comprehending the various aspects of life insurance and its significance in financial planning.

Insured

In life insurance, the insured refers to the individual who is protected by the insurance policy. In the event of the insured's passing, the insurance company would provide ...

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Property coverages

As a finance professor, it's important to understand the various insurance lines that protect against potential property damage. These lines provide coverage for unexpected ...

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Product liability

Product liability is a crucial aspect of tort law that addresses the legal responsibility of manufacturers and sellers for any damages caused by their products. This include...

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Insurer

Insurance is a crucial aspect of risk management, and it involves transferring financial risks to an insurance company. This party, known as the insurer, provides coverage t...

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