Definitions for life assurance
life as·sur·ance

Princeton's WordNetRate this definition:0.0 / 0 votes

1. life insurance, life assurancenoun

   insurance paid to named beneficiaries when the insured person dies

   "in England they call life insurance life assurance"

WiktionaryRate this definition:0.0 / 0 votes

1. life assurancenoun

   An insurance policy that pays out on death (or on certain other conditions).

WikipediaRate this definition:0.0 / 0 votes

1. life assurance

   Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental medical procedure or by taking medication resulting in injury or death. Modern life insurance bears some similarity to the asset-management industry, and life insurers have diversified their product offerings into retirement products such as annuities.

ChatGPTRate this definition:0.0 / 0 votes

1. life assurance

   Life assurance, also known as life insurance, is a contract between an individual and an insurance provider. In this contract, the individual agrees to pay regular premiums, and in return, the insurance company agrees to pay a specified amount of money upon the occurrence of the individual's death. This contract serves as a financial safety net for the person's dependents, helping them to manage financially when faced with the death of the policyholder. Some types of life assurance policies also include an investment component, which can grow in value over the life of the policy.

Matched Categories

1. • Insurance

How to pronounce life assurance?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say life assurance in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of life assurance in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of life assurance in Pythagorean Numerology is: 7

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=life assurance
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Life_Assurance
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Life_Assurance
4. ^ ChatGPT
   https://chat.openai.com