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Insurance

Noncancellable

A non-cancelable policy is a type of insurance that cannot be terminated by the insurer until a specific age is reached. In other words, the policy remains in force as long as the premiums are paid on time. However, the insurer may still raise premiums according to the predetermined amounts stated in the policy upon issuance. This provides a level of stability and predictability for the policyholder, making it a popular choice for long-term financial planning.

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Straight life annuity

Understand the meaning and definition of Straight life annuity in the context of stock market, trading, and investments.

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Package policy

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

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Appraisal

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

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Conditionally renewable

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

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Participating Policy

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

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