Terminologies

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Across
  1. 3. Also known as Net Asset Value
  2. 5. The total monetary worth of the units owned by the policyholder
  3. 7. Refers to the person who takes the cover and is also called the policyholder.
  4. 10. A one time premium paying option
Down
  1. 1. Credit facility that can be availed against the surrender value of insurance policy
  2. 2. ________________ bonus is declared in between two valuation periods.
  3. 4. Sum assured received when the policy matures
  4. 6. secure the benefits of insurance
  5. 8. ___________ cover refers to the death benefit for the member which decreases as per the benefit schedule.
  6. 9. Premium _________ term can be different from policy term
  7. 11. Its when the policy terminates due to non payment of required renewal premium