policyholder: GK, General Studies and Current Affairs

What is the meaning of Conditional Assignment?

Conditional Assignment refers to the way by which an assignor i.e. life insurance policyholder can transfer policy rights to the assignee as per the terms and conditions. As per conditional assignment, the assignor gets back ..

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

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 ..