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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.

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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Catastrophe factor

Let's talk about the probability of catastrophic loss, a crucial concept in the world of finance. This refers to the likelihood of experiencing a catastrophic event, such as...

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Environmental impairment liability coverage

Environmental impairment liability insurance is a crucial form of protection that safeguards against potential financial burdens resulting from property damage caused by pol...

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Endowment insurance

Welcome everyone, today we will be discussing the concept of life insurance. This is a type of financial protection that guarantees a payout at the end of a specified time pe...

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