Glossary
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Hard Insurance Market A period in the underwriting cycle during which underwriting rules are strict and premium are high.
Hazard A condition that increases chance of loss.
Hedge fundsA vehicle of collective investment. Hedge managers can engage in leverage, short sales and heavy use of derivatives across various markets, whereas M.F. managers cannot.
Hedging Unfavourable price risk is transferred to a specialist.
HUFHindu Undivided Family as per Hindu Succession Act
Human Life Value The term is used to indicate the present value of the family's share of the deceased bread-winner's earning for purpose of life insurance.
Human Life Value Future earnings of a breadwinner are projectd and present value of the same is taken for finding out the insurance requirement.