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Insurance

Vesting Bonus

One important term in the field of finance is bonus. This is a term used by insurers to refer to the additional amount that is given to the policyholder. It is calculated after assessing the company's assets and liabilities. This bonus is then added to the original sum assured stated in the policy.

Group insurance

A group insurance policy is a type of coverage that encompasses a collective of individuals, typically employees from a single company or members of a particular association...

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Estate taxes

In finance, we often encounter the term "property taxes." This refers to the taxes paid by the policyholder on their fixed assets, such as buildings, land, plant and machine...

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Alternative markets

Self-insurance is a financial strategy that involves setting aside funds to cover potential losses instead of purchasing traditional insurance. There are various mechanisms ...

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Law of large numbers

Understanding the concept of probability is essential in the world of finance, particularly in the realm of insurance. In simple terms, this theory suggests that the more un...

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