Skip to main content
Insurance

Offer and Acceptance

When applicants seek insurance coverage, they must sign an application and pay the initial premium. If required, they may also undergo a physical examination. The issuance of a policy, based on the application, serves as the company's acceptance of the offer. This process is crucial in securing insurance coverage and should not be taken lightly. It is important to carefully review the application and understand the terms before signing.

Related terms

Family Policy

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

MORE
Contingent Beneficiary

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

MORE
Physical hazard

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

MORE
Spread of risk

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

MORE
Unfunded retention

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

MORE
Hacker insurance

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

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store