TomorrowMakers ™

Glossary

(Please click on alphabets above to access specific pages)

Indemnity

It is an assurance by one person by means of which he/she agrees to safeguard another person against an anticipated loss.

Impaired Insurer

An insurance company that is undergoing a financial crisis and is not in a situation to pay off its policy obligations. Though the insurer is not insolvent, there is a high probability that it might not be able fulfil its financial obligations towards the policy holders.

Insurable Risk

It is a form of risk which conforms to the rules and statements of the insurance policy in a manner that the insurance criteria are satisfied.

Investment Income

The amount of money earned through the investment portfolio of an insured individual in the form of dividends, interest etc.

"An investment in knowledge pays the best interest"

- Benjamin Franklin -

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