| Death Benefit | A payment made on the death of the employee annuitant to a designated beneficiary. |
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| Death Claim | A request for payment under the terms of a life insurance policy. |
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| Declaration | schedule of the property details in property insurance. |
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| Deductible | A certain amount is recovered from the claim otherwise payable. |
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| Deferred annuity | Payments of retirement annuity benefits at a future date. |
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| Deferred Annuity | An annuity plan in which the income benefits begin at some specified future date. |
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| Deferred Compensation Plan | A plan established by an employer to provide benefits to an employee at a later date, such as after the employee's retirement. |
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| Defined Benefit Pension Plan | A pension plan that specifies the benefits that the plan promises to pay to a participant upon retirement, with the benefits determined according to a specified formula. Contrast with defined contribution pension plan. |
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| Defined-benefit plan | A pension plan where the benefits are declared in the beginning. |
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| Delivery versus payment | In secondary market, trades are setled under this system where the transfers of the security and payment takes place same time. |
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| Dependency period | In case of death claim, a period that follows the readjustment time where the dependent children have to be looked after. |
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| Direct loss | that results directly from the insured peril. |
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| Direct response system | Where no intermediary is involved in the marketing activity. |
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| Disability Benefit | An additional feature with some life insurance policies which not only provides for waiver of premium, but also provides for payment of monthly income if the policy holder become totally and permanently disabled. |
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| Disability Income Insurance | A type of health insurance designed to compensate insured people for a portion of the income they lose because of a disabling injury or illness. Generally, benefits for disability income insurance are provided for the disabled person in the form of monthly payments. Sometimes called loss of time insurance. |
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| Dividend | (1) A refund of excess premium paid to the owner of an individual participating life insurance policy. Such a dividend is paid out of an insurer's divisible surplus. Also called a policy dividend or a policy owner dividend. (2) The portion of a group insurance premium that is returned to a group policyholder whose claims experience is better than had been expected when the premium was calculated. Also called experience rating refund, experience refund, and retroactive rate reduction. (3) A periodic payment paid by a business to a stockholder. A dividend paid in cash is called a cash dividend. A dividend paid in the form of additional shares of stock is called a stock dividend. |
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| Double indemnity rider | Double accident benefit, an amount equal to Sum Assured is paid. |
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| Dram shop law | imputes negligence to a bar owner that sells liquor to an already drunken person, who causes damage to property or persons. |
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| Duration | It signifies the weighted average life of a bond, which considers the size and timing of each cash flow. |
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