What is endowment Insurance? Are you among those that spend extravagantly, even if you know you are not going to make use of the items you are buying, but you will just see yourself buying them? However, do you find yourself unable to save for your future needs? If that is your case, endowment insurance is what you need now to put yourself in order. Endowment insurance … [Read more...]
What is an insurance Dividend policy decision?
What is an insurance Dividend policy decision? Generally, an insurance dividend policy decision entails how insurance companies or firms manage their generated income after the necessary expenses have been incurred such as income after profit and tax. A dividend policy shows how an insurance firm makes decisions relating to how it can share and allocate the … [Read more...]
What is Surrender Value? Meaning and Forms of Surrender Value
What is Surrender Value? Meaning and Forms of Payment of Surrender Values? Surrender Value is the amount the policyholder will generate from the life insurance company if he decides to terminate the policy before maturity or the agreed period. It is very important to note that the premium received by the insurer is accumulated with a certain rate of interest, which forms … [Read more...]
Assignment in Insurance Policy| A Brief Template
Do you know what is assignment in insurance? Assignment in insurance means the legal or general transfer of property from one individual to another. Basically, an assignment is done with the legal intention of generating banking loans or from any other reputable financial organization. Therefore, a dictionary meaning of assignment is " The act of assigning, fixing, or … [Read more...]
What is Investment of Funds?| Step by Step Guide
Introduction: What is Investment of Funds? A step-by-step guide to a genuine investment is going to be our major focus in this article, this is because "A seed until it is released, is only a promise of a tree." Whenever investment of a fund is mentioned, the uninformed mind goes to how to raise or source money for investment. However, investment is more than … [Read more...]