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11:27 Mar 7, 2007 |
Dutch to English translations [PRO] Bus/Financial - Insurance / Pensions | |||||||
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| Selected response from: Johan Venter Czech Republic Local time: 19:04 | ||||||
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Summary of answers provided | ||||
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4 | invested portion/part |
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Discussion entries: 1 | |
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invested portion/part Explanation: Whole Life Policy is intended to provide protection and/or savings benefit to the insured's dependents. In this type of cover, on death of the policyholder, the nominee(s) gets an assured sum of money plus an additional sum of money based on the returns earned by the insurance company on the invested portion of the premiums paid by the holder based on the type of policy bought - with or without participation. Here, the policyholder pays a fixed premium over the tenure of the contract. Reference: http://www.bajajcapital.com/magazine/multiplechoice.html |
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