This term refers to the individual whose life is covered under the insurance policy. Marine insurance was useful only to persons engaged in some kind of trade.
(british english) to have adequate insurance cover (north american english) to have adequate insurance coverage (british english) an insurance scheme (north american english) an insurance plan;
Life insurance meaning in english. After the term stated in original contract expires, the sum of money paid to insurance company will need to be renegotiated and will often increase. And canadian) insurance relating to life, health, or accident and covering several persons, esp. Life insurance can be used to establish a trust, define your legacy, set up an annuity, fund a charity of your choice, and much more.
There are life insurance and general insurance. I have also taken out a life insurance policy on him just in case. Life assurance in british english noun a form of insurance providing for the payment of a specified sum to a named beneficiary on the death of the policyholder
A life insurance distribution system available to residents of wisconsin. The employees of a firm, under a single contract at reduced premiums life insurance In the modern world, there is a dire need for people who can communicate in different languages.
A system in which you make regular payments to an insurance company in exchange for a fixed…. ‘group health insurance in large companies protects the individual with costly conditions by including him with the less costly.’ ‘identity theft is becoming so widespread in the uk that many companies now offer insurance to protect against falling victim to this increasingly common type of fraud.’ The great fire of london in 1956 destroyed 13,000 houses in four days.
Least expensive alternative treatment (leat): Insurance that guarantees a specific sum of money to a designated beneficiary upon the death of the insured or to the insured if he or she lives beyond a. How long have we got to make a.
A person who calculates risks for insurance companies maggie loves maths so she's thinking of becoming an actuary.: At the death of insured person or on the date of maturity whichever happens earlier, the amount insured will be paid. The instrument containing the terms of the contract is known as a policy.
A system in which you make regular payments to an insurance company in exchange for a fixed…. A rider is a provision in a life insurance policy by which value of the base policy can be enhanced based on various options. Life insurance meaning in urdu.
Fire insurance was started after marine insurance. A person who calculates the value of something [eg: Life insurance is a contract between an insurance policy holder and the insurance provider (known as the insurer) that guarantees to pay the designated amount to the beneficiary in case of the death of the insured person.
Life insurance companies are using the data from wearable devices like fitbit and nike+ fuelband to better assess the health of the life insured.and, sensors are being implanted into animals to track and identify livestock, helping insurers rate and price agricultural insurance more accurately. The procedure a life insurance company uses to decide whether to insure an applicant, and at what rate. From longman business dictionary life insurance ˈlife inˌsurance [uncountable] insurance insurance that pays out an amount when someone dies, or, with an endowment policy, when someone reaches a particular age or dies syn life assurance life insurers will pay a total of $20 billion in aids death claims under individual life insurance policies by the end of the decade.
There are different kinds of insurance. Enjoy and don’t forget to share if you like this collection! Insurance a contract under which one party (the insurer), in consideration of receipt of a premium, undertakes to pay money to another person (the assured) on the happening of a specified event (as, for example, on death or accident or loss or damage to property).
Insurance premiums (= the regular payments made for insurance) see also employment insurance, life insurance, national insurance. In life insurance, someone ensures their life or someone else's life. Perhaps the best cure for the fear of death is to reflect that life has a beginning as well as an end.
Insurance providing for payment of a stipulated sum to a designated beneficiary upon death of the insured. A building, car etc] the assessor said our house is worth over $200,000.: Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.
An arrangement in which a company collects premium s (=regular payments) from a person or organization and in return agrees to pay them a sum of money if they are involved in an accident, have something stolen, or cause harm or injury to others. Contracts of insurance are uberrimae fidei, requiring. The following selection of life insurance quotes is not a commercial collection.
Term life insurance or term assurance is life insurance that provides coverage for some sum of money during a given period of time. A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment, repair, or remediation. Life insurance is a form of insurance in which a person makes regular payments to an insurance company, in return for a sum of money to be paid to them after a period of time, or to their family if they die.
Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. It is simply a broad perspective on the topic of life insurance. Health insurance covers cost of an insured individual's medical and surgical expenses.
Term insurance is the cheapest way of buying live insurance. Other expenses, such as funeral expenses, can also be included in the benefits. The fire havoc can be experienced by persons of all walks of life.
Life insurance definition, insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age. The policy holder typically pays a premium, either regularly or as one lump sum. This ‘great fire’ gave birth to fire insurance.
Life insurance synonyms, life insurance pronunciation, life insurance translation, english dictionary definition of life insurance.
