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Insurance

Compulsory auto insurance

In the world of finance, there exists a minimum threshold for auto liability insurance that is mandated by law. This coverage protects individuals from financial losses in case of an accident. It is crucial to understand this requirement and ensure that it is met to safeguard our financial well-being. So, let us delve into the details of this essential aspect of finance.

Human life value

Imagine a scenario where a person receives a sum of money, but they want to make sure it lasts them for the rest of their working life. How can they do this? By breaking dow...

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Inland transit policy

A fundamental agreement that pertains to domestic shipments, predominantly transported through land-based transportation methods. This type of contract outlines the terms an...

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Direct loss

An insurance term that refers to a loss that is a direct result of a series of connected events starting from an insured risk. In simpler terms, it means that the loss can b...

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Death Benefit

Life insurance policies often include a designated beneficiary, who is entitled to receive a specific amount upon the death of the insured. This amount is known as the death...

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