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Insurance

Rebating

One concept that is frequently deemed unlawful by both legal authorities and regulators is the act of an insurance sales agent offering a portion of their commission to the buyer. This practice, known as rebating, is strictly prohibited in the finance industry. It is important for individuals to be aware of such practices and understand the implications of participating in them. As knowledgeable individuals in the field of finance, it is our duty to educate and guide others on these matters.

Term Cover

Life insurance can be a complex topic, but one type you should know about is term life insurance. This is a policy that pays out a set amount of money in the event of the po...

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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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Life Assured

It is the basic concept of life insurance. Life assured is a term that refers to the individual whose life is being insured through a life insurance policy. This fundamental...

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Securities outstanding

Shareholders hold stocks, which represent ownership in a company. These stocks can be in the form of common or preferred shares. Common shares give shareholders voting right...

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