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Insurance

First Unpaid Premium(FUP)

In the realm of insurance, the term 'first unpaid premium' signifies the initial instance of a policy holder failing to make their premium payment. When a premium is paid on time, a receipt is provided which denotes the next due date. However, if this due premium is not fulfilled, that date transforms into the 'date of FUP'.

Attained Age

Your current age plays a significant role in the world of finance, particularly when it comes to life insurance. This is known as your attained age and it is a key factor in...

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Basic health insurance policy

Insurance is a crucial aspect of financial planning, especially when it comes to healthcare. In the world of finance, we often come across terms such as hospital insurance, ...

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Schedule

In the world of finance, we often come across the term "schedule of benefits." This refers to a detailed breakdown of the various components that make up a policy or plan. I...

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Special agent

A specialist in the insurance industry who holds the power to carry out a particular task or responsibility, without possessing any broad authorities within the company. Thi...

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