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Insurance

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 concept lies at the core of understanding life insurance. It is crucial to recognize that the life assured is the person whose life is being financially protected in the event of their death. In simpler terms, they are the beneficiary of the life insurance policy. This understanding is essential in comprehending the various aspects of life insurance and its significance in financial planning.

Public adjuster

In the world of finance, a loss claim is a common occurrence that requires the expertise of a skilled professional. This is where an insurance adjuster comes into play, hire...

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Accumulation Period

The period of time between the initiation of a policy and the point at which benefits are disbursed is known as the waiting period. This duration is determined by the indivi...

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Claim

An essential aspect of insurance policies is the notification of payment due to the insurance company. This request for payment of contractual benefits is initiated by eithe...

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Underinsurance

As we delve into the area of insurance, it is important to understand the concept of underinsurance. This refers to the situation where a policyholder has not purchased enou...

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