General insurance

General insurance

For general insurance terms which do not fit under any other category.

Contributors in General insurance

General insurance

Switching is the option provided to the insured by the insurer wherein the insured is entitled to move to a different policy or transfer from one fund to another within the same policy. Definition: ...

Settlement Option

Insurance; General insurance

Under a settlement option, the maturity amount entitled to a life insurance policyholder is paid in structured periodic installments instead of a 'lump-sum' payout. Definition: Under a settlement ...