TomorrowMakers ™

Glossary

(Please click on alphabets above to access specific pages)

General Insurance

Insurance contracts that do not fall in the domain of life insurance are known as general insurance. These include fire, marine, motor, accident, etc.

Grace period

After the due date for payment of premium for an insurance policy, insurers usually allow an additional period of 15-30 days during which policy holders can pay premium without any penalty for late payment. This period is called Grace Period.

Guarantee Surrender Value

It is the amount guaranteed to be paid to the policy holder by his/her insurer in case the former voluntarily terminates the policy before it reaches maturity.

Guaranteed Policies

Types of insurance policies where the premium and the payment amounts stay fixed throughout the tenure of the policy.

Tax Singh

"Tax Fact 9"

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