Under a settlement option, the maturity amount entitled to a life insurance policyholder is paid in structured periodic installments up to a certain stipulated period of time post maturity instead of a 'lump-sum' payout.
Such a payout needs to be intimated to the insurer in advance by the insured. The primary objective of settlement option is to generate regular streams of income for the insured. Adverse selection is a phenomenon wherein the insurer is confronted with the probability of loss due to risk not factored in at the time of sale. This occurs in the event of an asymmetrical flow of information between the insurer and the insured. Adverse selection occurs when the insured deliberately hides certain pertinent information from the insurer.
The information may be of crit.
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When an insurance company enters into a reinsurance contract with another insurance company, then the same is called treaty reinsurance. In the case of treaty reinsurance, the company that sells the insurance policies to another insurance company is called ceding company. Reinsurance frees up the capital of the ceding company and helps augment the solvency margin.
First time default on premium payments by a policy holder is termed as First Unpaid Premium. With each premium payment a receipt is issued which indicates the next due date of premium payment. If the premium is not paid, this date becomes the date of first unpaid premium. Embedded value is the sum of the net asset value and present value of future profits of a life insurance company. This measure considers future profits from existing business only, and ignores the possibility of introduction of new policies and hence profits from those are not taken into account.
Indemnity means making compensation payments to one party by the other for the loss occurred. Indemnity is based on a mutual contract between two parties one insured and the other insurer where one promises the other to compensate for the loss against payment of premiums. Return, Annuity, Insurable Interest, Insurability. The practice of deferring the outlays incurred in the acquisition of new business over the term of the insurance contract is called deferred acquisition cost.
To be with another person socially on a regular basis: Datum Dattel datieren Verabredung veralten.
Date Back To | Definition of Date Back To by Merriam-Webster
I can't read the date on this letter. What is your date of birth? He asked her for a date. This letter isn't dated.
Their quarrel dates back to last year. His books haven't dated much.
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Her clothes looked very dated. This coat is out of date. This is the best entry we've received to date. Is the catalogue up to date? References in classic literature? Two considerations help us to fix a relative date for the "Works". The old chronicles did not weave their history into stories, they simply put down a date and something that happened on that date.
If you could show a discrepancy between the date of the doctor's certificate and the date of Lady Glyde's journey to London, the matter would wear a totally different aspect, and I should be the first to say, Let us go on. He was standing before a goat-skin tent amidst a clump of date palms within a tiny oasis.
We can choose a certain date from among them--the one to draw this date first from beneath a piece of cloth will be the first. Test your knowledge of words for lies, liars, and those being lied to. In other words, everyone.
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