Glossary beginning with I

Insurance Glossary

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Indemnitysearch for term
  • Restoration to the victim of a loss by payment, repair or replacement.
Investment-Linked Insurancesearch for term
  • Provides a flexible combination of protection and investment.
  • Premiums are used to buy insurance protection and investment units in a managed fund.
  • Price of your units depends on how the investments in the fund perform. What it pays depends on the price of the units at the time of death or when you cash it in.
  • The level of death benefit can be more or less.