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Insurance

Endowment insurance

Welcome everyone, today we will be discussing the concept of life insurance. This is a type of financial protection that guarantees a payout at the end of a specified time period, as long as the insured person is still alive. In case of the unfortunate event of death before the end of the period, the predetermined amount will be paid to the beneficiary. It provides peace of mind to individuals and their loved ones by ensuring financial stability in the face of unexpected circumstances.

Loss

A depreciation refers to the decrease in the worth or significance of a property, or the responsibility for any legal obligations. It is a common term used in the realm of f...

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Apportionment

In the world of finance, there exists a concept known as "pro rata", which refers to the division of a loss among multiple insurers who have covered the same loss. This is a...

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Grace Period

A grace period is a timeframe provided to policyholders after the due date for premium payments. This allows them additional time to make the payment without the risk of the...

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Proposal Form

An insurance policy is a legal contract between an insurance company and a policyholder. It outlines the terms and conditions of coverage, including premiums, deductibles, a...

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