Glossary
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Objective risk Relative variation of actual loss from expected loss, which varies inversely with the square root of the number of cases under observation.
Offer documentIn close-ended schemes, IPO states offer document for the investors to take an informed decision
OptionA choice that a policy owner can make when deciding how to apply settlements, dividends, or non-forfeiture values.
Other insurance provisions It prevents an insured from making profit from insurance.