Rally is a prolonged period of time during which there is a consistent rise or fall in the prices of stocks, bonds or stock market index.
Recession is the slowdown of economic activities lasting for a period of several months. It is characterized by low levels of production, employment, income as well as trade.
In Motor Insurance and Health Insurance, this is the amount spent by a policy holder that will be refunded or repaid to them at a later point by their insurer, based on the terms and conditions of the insurance policy.
Renewal of a lapsed insurance policy, after the grace period is over. This can be done, once the premium and the late fee (accrued amount) has been paid by the insured.
The premiums that are paid after the first time, in order to keep the policy in force. These premiums can be revised based on health check-ups or other factors, depending on the individual policy and the insurer.
Return on investment is a measure of the level of returns earned from an investment relative to the cost of the same investment. Mathematically it is determined by dividing the benefit of an investment by the cost of the same.
The uncertainty of the future, which is borne by the Insurer, via a policy agreement. Premium is the price that insurers charge for undertaking the risk amount.
The process of determining potential risks associated with the investment an individual has made and finding out ways to diminish them is known as risk management.
The ratio that investors use to compare the profitability of an investment to the amount of risk associated with that investment is known as risk reward ratio.
Saving money is an art! Master it with our newsletter.
COPYRIGHT © 2015-2018 Transamerica Direct Marketing Consultants Private Limited. All Rights Reserved.