Life Insurance

A B C D E F I K L M N P R S T U V W
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Charges

Any fee that may be levied by the insurance company from time to time under this plan with the prior approval of the Regulatory Authority.

Child Rider

An optional addition to your life insurance policy that covers dependent children.

Coinsurance

A provision under which an insured who carries less than the stipulated percentage of insurance to value, will receive a loss payment that is limited to the same ratio which the amount of insurance bears to the amount required.

Compound interest

Interest computed on principal plus interest accrued during the previous periods of the investment.

Contingent Beneficiary

An alternate beneficiary listed on an insurance policy who will receive the benefit if the primary beneficiary is deceased. This is sometimes referred to as a "Secondary Beneficiary."

Corpus

The amount of money available with a scheme for investing. If already invested, the corpus is the current value of the scheme's portfolio.

Cost averaging

A strategy that involves investing a fixed amount of money in an asset class like equity, so that the average cost of acquiring the asset in the long term is much lower than that in the short term.

Cover

Another word for insurance; it also refers to the amount of insurance.