Search found 269 matches

by Mayank
20 Feb 2019, 22:29
Forum: Daily Dose
Topic: Free Look Cancellation
Replies: 11
Views: 683

Re: Free Look Cancellation

It might not be loss always.. it can be gain too depending on NAV movement... Yes mortality is usually charged proportionately basis number of days for which cover is provided and other charges as mentioned will be applied.. some companies waive off mortality charges so as to avoid unnecessary hass...
by Mayank
20 Feb 2019, 22:12
Forum: Daily Dose
Topic: Non Negative Claw Back Additions
Replies: 4
Views: 302

Re: Non Negative Claw Back Additions

arpit wrote:
20 Feb 2019, 19:45
RISHABH wrote: 
Can you explain it further, I am not able to get it.  
+1
 
by Mayank
20 Feb 2019, 22:10
Forum: Daily Dose
Topic: Free Look Cancellation
Replies: 11
Views: 683

Re: Free Look Cancellation

Further to add.. in case of unit linked plans.. the gain or loss because of change in NAV is also transferred to the policyholder.. Practically there are FLCs which are happening during first 2-3 months as well in India Sent from my ONEPLUS A6000 using Actuarial Info mobile app The loss would be de...
by Mayank
20 Feb 2019, 21:48
Forum: Actuarial Discussions
Topic: Job After Graduation
Replies: 1
Views: 299

Re: Job After Graduation

You haven't got job. that means you weren't selected. See why you were not selectd. Try to find out the reasons yourself. Every employer is looking for a person who knows before he enters job, least of it would be excel.  If you didn't find one, you can pick up the job somewhere else but when you ev...
by Mayank
20 Feb 2019, 21:39
Forum: CM2 (CT8)
Topic: Complete market vs perfect market
Replies: 0
Views: 30

Complete market vs perfect market

A  complete market  is one in which a replicating startegy exists for any derivative. we just assume that the market for securities is complete (without proof) and hence the derivation of the Black-Scholes formula works. A  perfect market  is perfect is the sense of perfect competition as discussed ...
by Mayank
17 Feb 2019, 08:39
Forum: Daily Dose
Topic: Definition of 'Indemnity'
Replies: 0
Views: 93

Definition of 'Indemnity'

Definition:  Indemnity means making compensation payments to one party by the other for the loss occurred. Description:  Indemnity is based on a mutual contract between two parties (one insured and the other insurer) where one promises the other to compensate for the loss against payment of premium...
by Mayank
16 Feb 2019, 09:09
Forum: Daily Dose
Topic: Bancassurance
Replies: 0
Views: 118

Bancassurance

Definition:  Bancassurance means selling insurance product through banks. Banks and insurance company come up in a partnership wherein the bank sells the tied insurance company's insurance products to its clients. ​ Download our App for daily notifications ​​​​​​ Description:  Bancassurance arrange...
by Mayank
15 Feb 2019, 23:17
Forum: Actuarial Discussions
Topic: Good news for The Actuarial Club!
Replies: 4
Views: 423

Good news for The Actuarial Club!

I would like to share another good news beneficial for all of you! We had a discussion with an Actuary and he is a great person, having great experience and too active on Insurtech front. He is ready to give in some of his time weekly, if possible but will be sharing his thoughts on our Forums very ...
by Mayank
15 Feb 2019, 09:23
Forum: Daily Dose
Topic: What is 'Proposal Form'?
Replies: 0
Views: 108

What is 'Proposal Form'?

Definition: Proposal form is the most important and basic document required for life insurance contract between the insured and insurance company. It includes the insured's fundamental information like address, age, name, education, occupation etc. It also includes the person's medical history. Desc...
by Mayank
14 Feb 2019, 08:06
Forum: Daily Dose
Topic: Premium payment term/mode/ frequency
Replies: 4
Views: 328

Re: Premium payment term/mode/ frequency



shreyanshh wrote:Also, I would like to understand more deeply.

Sent from my S6s using Actuarial Info mobile app


Will try to cover it up on Insurology, until then you can refer this
Livemint article explaining in details

Sent from my LLD-AL10 using Actuarial Info mobile app