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Insurance

Increasing term

In finance, there exists a type of life insurance called "term life insurance" that may be of interest to you. This particular policy has a unique feature where the face amount, or the sum of money paid out upon the insured's death, increases at regular intervals according to a predetermined schedule. This can be a valuable tool in providing financial protection for your loved ones in the future.

Cost-of-living rider

An endorsement is a change or addition to an insurance policy that modifies the coverage or terms of the original policy. One type of endorsement that may be relevant in the...

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Per-cause deductible

A per-incident deductible is a fee that is charged for every new illness or accidental injury. This amount is paid by the insured party before their insurance coverage kicks...

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IRDA

As a finance professor, I would like to introduce you to the Insurance Regulatory and Development Authority of India (IRDAI). This governing body serves as the backbone of t...

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Risk reduction

Uncertainty reduction refers to the reduction of overall ambiguity in a given scenario. This can be achieved through various means, such as gathering more information, utili...

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