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Insurance

Vesting Bonus

One important term in the field of finance is bonus. This is a term used by insurers to refer to the additional amount that is given to the policyholder. It is calculated after assessing the company's assets and liabilities. This bonus is then added to the original sum assured stated in the policy.

Fixed-period option

A death benefit is a payment made in regular, equal instalments over a predetermined period of time. This payment is typically given to the designated beneficiaries of a dec...

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Internet insurer

An online-only insurer is a company that operates solely through the Internet, without the use of traditional brick-and-mortar stores or agents. This business model allows f...

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Insurance rate

Insurance price is the cost of insurance, typically stated as a price per unit of coverage. This means the amount you pay for insurance is directly related to the amount of ...

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Financing

As we delve into the world of finance, it is imperative to understand the crucial role played by planning and controlling the supply of funds. This function involves careful...

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