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

#

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.

Degree of risk

The relative variation of actual from expected losses is a measure used in finance to assess the accuracy of loss predictions. This metric takes into account the difference ...

More

Offer and Acceptance

When applicants seek insurance coverage, they must sign an application and pay the initial premium. If required, they may also undergo a physical examination. The issuance o...

More

Rental income

Rental income is generated when individuals pay to occupy property owned by the insured. This income is an important factor in the world of finance, as it can provide a stea...

More

Life Assured

It is the basic concept of life insurance. Life assured is a term that refers to the individual whose life is being insured through a life insurance policy. This fundamental...

More