Tag Archives: Glossary

Glossary of Insurance Terms: Part 2

Posted on August 15, 2008 by admin

Endowment Policy The assured has to pay an annual premium which is determined on the basis of the assured’s age at entry and the term of the policy. The insured amount is payable either at the end of specified number … Continue reading →

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Glossary of Insurance Terms: Part I

Posted on August 13, 2008 by admin

Accident An event or occurrence causing damage/injury to an entity, and is unforeseen and unintended. Accident Benefit Provides for payment of an additional benefit equal to the sum sum assured in instalments on permanent total disability and waiver of subsequent … Continue reading →

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