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Guaranteed investment contract (GIC) |
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Guaranteed investment contract (GIC)A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment.Guaranteed investment contract (GIC) Similar MatchesGuaranteed insurance contractGuaranteed insurance contractA contract promising a stated nominal interest rate over some specific time period, usually several years. Guaranteed income bondGuaranteed income bondA bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned. Guaranteed minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Guaranteed replacement cost coverage insuranceGuaranteed replacement cost coverage insuranceA policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation. Guaranteed insurabilityGuaranteed insurabilityA life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed-upon rates regardless of health conditions. Further Suggestionsguaranteed growth bondguaranteed death benefit Guaranteed death benefit Guaranteed renewable policy insurance guaranteed renewable policy guaranteed minimum period guaranteed sum assured Guaranteed bond guaranteed trust Guaranteed Mortgage Certificates (GMC) |
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