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Insurance

Guaranteed Addition

Guaranteed additions, a key concept in finance, are calculated by multiplying a predetermined rate with the sum assured. These additions are then added to the basic sum assured and are paid out upon the approval of a claim. This valuable benefit is only applicable for the years in which premiums are paid. It is a crucial element to consider when making financial decisions.

Social sector

In the world of finance, there exists a spectrum of groups that are often overlooked or misunderstood. These include the unorganised sector, informal sector, economically vul...

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Retrocession

- One crucial aspect of maintaining financial stability as a reinsurer is through the purchase of reinsurance. This is a form of insurance that provides protection to reinsu...

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Bailment

When an individual entrusts their personal property to someone else, it is known as a bailment. This can occur in various scenarios, such as when you leave your car at a val...

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Extra expense insurance

In financial terms, consequential property insurance refers to a type of coverage that protects businesses from the financial consequences of an interruption. This means tha...

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