Life Insurance

What is Annualized Premium Equivalent?

November 27, 2017

Annualized Premium Equivalent is a commonly used measure to determine the business sales in life insurance field. It is computed by the sum of regular annualised premium which came from new business and 10% of the first standalone premium over the same stated period. The premium so earned by...

What is the meaning of ‘Accidental Death Benefit and Dismemberment’?

November 25, 2017

Accidental death benefit or dismemberment is the extra benefit which is being given to the policyholder in case of his death due to an accident. The benefit of dismemberment is even paid in case of death of the insured person or the latter loses his limbs or his sight...