InsurancePhysical hazard Frequency reduction Third-party Owner Independent agent Enterprise risk management Claims management
Premium option
When a person enters into an agreement with an insurance company, they make regular payments, also known as premiums. These premiums are made in order to receive a lump sum of money upon the policyholder's death or when the policy matures. This type of agreement is commonly referred to as life insurance. It provides financial security for the policyholder's beneficiaries and can also serve as an investment for the policyholder during their lifetime. Essentially, it is a way to plan for the future and protect loved ones in the event of an unexpected death.
Related terms
Understand the meaning and definition of Physical hazard in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Frequency reduction in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Third-party Owner in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Independent agent in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Enterprise risk management in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Claims management in the context of stock market, trading, and investments.
MOREExplore other categories
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
