Any loan that is obtained by the owner of a policy, from an insurance firm/ company, by keeping the cash surrender value of a complete life insurance policy as collateral. […]

Persons who are responsible to devise the policy framework of any organization .

A mercantile instrument in writing, by which one party, in consideration of a premium, engages to indemnify another against a contingent loss , by making him a payment in compensation […]

the name given to a life insurance policy where no more premiums need to be paid. See insurance, life.

The time period during which an insurance policy is effective. Also referred to as Policy Term .

The primary amount given by the insurer, mainly because of death or because the policy has matured. The amount does not take dividends that haven’t been paid out on the […]

the name given to the goals and aims of a law that promotes the general welfare of the people at large.

A reserve that has been set up for the purpose that all policies must get a part of the pro rate reserve.

A white paper which lists out all of the different ways that an organization will adopt in its daily affairs. Check policies and procedures .

A shortened version/ summary of any life insurance policy . A summary gives information regarding the coverage limitations, conditions as well as the total premiums that will be charged. The […]

The time period during which an insurance policy is effective. Also referred to as Policy Period .

A period of 12 months that exists between the anniversary date of a policy.

A method by which the premiums earned and the losses experienced can be managed, within a year of it being applied.

The amount which is present with the insurer, can be used to meet future obligations.

The owner of any insurance policy . It can be an entity or an individual . However, it is not necessary that the policy owner be insured himself.

An agent who is given the authority to charge, or give licenses, and write policies for an insurer.

between the assured and the underwriter , but is left to be estimated in case of loss. The term is opposed to ” valued policy ,” in which the value […]

An organization that has been set up by different environmentalists, corporations as well as trade unions in order to collect funds in order to give a contribution to their preferred […]

the term used when a country accepts a foreigner on grounds he may be persecuted if he returns to his own country for his political rebellion.

A theory which states that politicians have the ability to modify an economy for their personal benefits, generally during the period of elections.

The control given through power of position held by influential political personnel. Might give them the authority to appoint an individual to an office, allow or refuse participation in any […]

Crimes such as treason, espionage, sedition, done to gain an unfair advantage over the government or a political candidate.

The actions taken by the government, which might affect the daily business activities of any business or company. These actions might be national or international, or domesticated.

Political partices, pressure groups or influential political individuals are known as political forces .

the name given to the government office that is obtained by an election.