Insurance principle


 

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Insurance principle

The law of averages. The average outcome for many independent trials of an experiment will approach the expected value of the experiment.



Insurance principle

Similar Matches

Social security disability income insurance

Social security disability income insurance

Insurance which provides income to disabled people incapacitated for one year or more. Benefits are payable up to the person's death.


Casualty insurance

Casualty insurance

Insurance protecting a firm or homeowner against loss of property, damage, and other liabilities.


Personal accident and sickness insurance

Personal accident and sickness insurance

An insurance policy similar to personal accident insurance with the additional benefit of cover against disablement due to sickness.


National Insurance (NI) Basic Pension

National Insurance (NI) Basic Pension

The basic state pension funded by a person's National Insurance Contributions over his working life and part of the National Insurance Pension. The rate at which the basic pension is paid is dependent on the person's National Insurance contributions record over his working life.


Liability insurance

Liability insurance

Insurance against legal liability to pay compensation and court costs where the insured has been found negligent in respect of injuries sustained by another person or damage to his/her property.


Further Suggestions

insurance broker
Straight term insurance policy
Single premium life insurance
Level term insurance
Payment protection insurance
endowment insurance
Stock insurance company
insurance premium
Homeowners insurance policy
Buildings and contents insurance
Insurance dividend
Title insurance
accidental death insurance
Letting insurance
Insurance claim
single premium life insurance
Insurance policy
permanent health insurance (PHI)
National Insurance (NI) Contributions
travel insurance
Insurance broker
Blanket insurance policy
accident insurance
Savings Association Insurance Fund (SAIF)
variable life insurance


 
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