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Insurance

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 assured and are paid out upon the approval of a claim. This valuable benefit is only applicable for the years in which premiums are paid. It is a crucial element to consider when making financial decisions.

Accident and health insurance

In the world of finance, it is important to understand the various coverage options available to protect against unexpected events. One such coverage is for accidental injur...

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Accelerated death benefit

Let's take a closer look at a common finance term - accelerated benefit. This refers to a portion of a policy's face amount, adjusted for interest, that can be received by t...

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No-fault

Auto insurance coverage is a crucial aspect of personal finance, providing protection for drivers in case of accidents. One important type of auto insurance is known as no-f...

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Tort

In the world of finance, there exists a term known as tort, which refers to a wrongful act that causes harm or damage and can give rise to a civil court action. This could i...

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