Medi Assist Healthcare IPO

Home Insurance

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Captive agent

A captive agent is an individual who exclusively represents a single insurance company and is bound by contract to only submit business to that company. They are not allowed to work with any other insurance company unless their captive company declines the business first. This arrangement often limits the options available to the client, as the captive agent is not able to provide quotes from other companies.

Guaranteed Addition

Guaranteed additions, a key concept in finance, are calculated by multiplying a predetermined rate with the sum assured. These additions are then added to the basic sum assu...

More

Reinsurance pool

Reinsurance is a crucial tool in the world of finance, particularly in the insurance industry. It allows for the transfer of risk from one insurer to another, providing a la...

More

Face amount

A life insurance contract contains a crucial element known as the death benefit. This refers to the predetermined amount of money that will be paid out to the designated ben...

More

Fire insurance

Understanding insurance coverage is crucial for any individual or business owner. One such coverage, included in homeowners and commercial multiple peril policies, protects ...

More