Insurance Policy Definition Money
A money back policy is a more complex life insurance policy than a term plan or a standard life insurance cover that pays the sum assured to the insured party on maturity.
Insurance policy definition money. Magma hdi general insurance company limited regd. 91 033 4401 7471 2 money insurance policy this policy is evidence of the contract between you and us. Transit of earnings wages and petty cash. A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment repair or remediation.
The money insurance covers the loss of your money whilst in transit and whilst in the premise. Least expensive alternative treatment leat. The policy describes the specific types of coverage life health etc. This policy is suitable for risk averse individuals who wish to save through an insurance plan and.
Insurance policy a contract detailing an insurance policy and outlining what risks are insured what insurance premiums are to be paid by the policyholder what deductibles prevail and all the details associated with a policy. Loss of money in transit by the insured or the insured s authorized employee s occasioned by robbery theft or any other fortuitous cause. Direct transit of collections. Insurance policy the contents of an insurance contract.
An entity which provides insurance is known as an insurer insurance company insurance carrier or underwriter a person or entity who buys insurance is known as an insured or as a policyholder. Insurance is a means of protection from financial loss. It is an endowment plan with the benefit of liquidity. It provides certain amounts called survival benefits in addition to the sum assured and a bonus from the insurance company based on its performance.
In a money back plan the insured person gets a percentage of sum assured at regular intervals instead of getting the lump sum amount at the end of the term. 91 033 4401 7304 7477 f. It is a form of risk management primarily used to hedge against the risk of a contingent or uncertain loss. 24 park street kolkata 700 016 p.
There are several options of cover under the money insurance. Insurance money definition meaning english dictionary synonym see also insurance insurance policy accident insurance fire insurance reverso dictionary.
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