term insurance

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term insurance

Insurance providing coverage for losses to the insured during a stated period but becoming void upon its expiration.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

term insurance

(Insurance) life assurance, usually low in cost and offering no cash value, that provides for the payment of a specified sum of money only if the insured dies within a stipulated period of time

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

term′ insur`ance

an insurance policy that provides coverage for a limited period, the value payable only if a loss occurs within the term, and without value upon expiration.

[1895–1900]

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Noun

term insurance - low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value; "term insurance is most often associated with life insurance policies"

insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

Translations

term insurance

n → (zeitlich) befristete Versicherung

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

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References in periodicals archive ?

Extended term insurance 'allows the policyholder to use the cash value to purchase a term insurance policy with a death benefit equal to that of the original whole life policy.'The whole life insurance policy is surrendered in place of the term policy, which will end after a certain number of years.

Living benefits of life insurance

The GWP for long term insurance and general insurance businesses for the period ending March 31 2019 was 46,429 million rupees compared with the same period in 2018 amounting to 43,925 million rupees.

Sri Lanka's insurance industry records 5.7-pct growth in Q1 of 2019

The firms are to offer a pure life term insurance plan, which is aimed at the underinsured and uninsured segments in India.

Airtel Payments Bank enters into collaboration with Bharti Axa Life Insurance

Term Insurance, despite being the most fundamental and cheapest form of financial protection, still lacks a significant uptake in urban India.

Max Life Insurance's survey pegs 'India Protection Quotient' at a mere 35

announced that it has jointly developed with Saint-Plus Small Amounts and Short Term Insurance Co., Ltd.

Eisai: Launch of "Dementia Support" Insurance to Provide for Dementia in Japan

According to BankBazaar, if you have a surplus fund, you can divide it into term insurance and other investment avenues.

Remember these points before investing in insurance plan

Term insurance is a life insurance policy where the insured pays a premium at regular intervals(quarterly/bi-annually/annually) and the insurer agrees to pay the benefi ciary or the nominee the sum assured in the event of the insured's premature death during the policy term.

6 Reasons why you must buy a term plan

With term insurance, your premium payments are applied entirely to the cost of the insurance, and coverage can easily be dropped when you no longer have dependents.

Take care with life insurance

Collectively the Namsure team will now offer exactly 100 years of work experience in the short term insurance industry", Kohne said.