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Insurance

Term

It can be for a specific period of time or for a lifetime Insurance coverage is typically provided for a defined period known as a term. This period could be for a set number of years or even for an individual's entire lifetime. It's important to understand the terms of your insurance coverage, as they determine the length of time you will be protected. This knowledge can help you make informed decisions when selecting an insurance policy.

Hazards

Perils are potential events that could result in financial loss. These losses are often influenced by certain conditions that increase the likelihood of occurrence. For inst...

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Insurability

An individual's health, likelihood of injury, and expected lifespan are all factors that contribute to their risk profile. This term refers to the various characteristics an...

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Actual loss ratio

Insurance companies use a key metric called Loss Ratio to measure their financial performance. It reflects the proportion of claims paid out to the amount of premiums collec...

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Graded Premium Policy

This particular type of whole life policy caters to individuals seeking a higher level of life coverage but are unable to afford it at the moment. It involves paying a low...

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