Angel One - Share Market Trading and Stock Broking
Skip to main content
Insurance

Principle of indemnity

In the realm of insurance, there exists a doctrine that sets a cap on the amount an insured individual can receive - the actual cash value of their insured property. This principle aims to provide fair compensation, taking into account the depreciation and wear and tear of the property. This limitation is a crucial aspect to consider in the world of finance, as it can greatly impact an individual's financial recovery after a loss.

Related terms

Pooling

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

MORE
AD&D

Understand the meaning and definition of AD&D in the context of stock market, trading, and investments.

MORE
Retention

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

MORE
Reciprocal

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

MORE
Accelerated death benefit

Understand the meaning and definition of Accelerated death benefit in the context of stock market, trading, and investments.

MORE
Inflation guard clause

Understand the meaning and definition of Inflation guard clause 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