crossword 19

6. Time allowed for premium payment after the due date.
8. Dividend option purchasing additional insurance coverage.
12. Growth of life insurance influenced by regulation and awareness.
16. Flexible premium policy with adjustable death benefit.
18. Method by which policy proceeds are paid to beneficiaries.
22. Death occurring before the end of an individual’s expected working life.
23. Cost of insurance protection after considering investment return.
24. Approach that insures capital while spending only the income from it.
26. Method that estimates insurance based on specific financial needs.
29. Clause limiting the insurer’s right to dispute a policy after a period.
31. Nonforfeiture option converting cash value into term insurance.
32. Treatment of premiums, cash values, and benefits under tax law.
34. Clauses defining rights and obligations of insurer and insured.
35. Life insurance covering a group under a single master contract.
36. Insurance purchased by an individual on his or her own life.

1. Process of comparing policies, insurers, and costs.
2. Dividend paid directly in cash to the policyholder.
3. Process based on mortality, interest, and expenses.
4. Savings component accumulated in permanent life insurance.
5. Benefit protecting policy value if premiums stop.
7. Need created by death of a breadwinner requiring life insurance protection.
9. Present value of future earnings lost due to premature death.
10. Insurance that provides lifetime protection with a cash value.
11. Settlement option paying entire proceeds at once.
13. Contract promising payment on death of the insured in exchange for premiums.
14. Policy where cash value and death benefit fluctuate with investments.
15. Primary economic purpose of life insurance according to Rejda.
17. Policy paying the face amount on death or survival to maturity.
19. Regulatory authority governing life insurance in Nepal (as cited contextually).
20. Statistical table showing probability of death at each age.
21. Additional payment if death occurs due to an accident.
25. Life insurance providing protection for a limited period only.
27. Feature where cash values grow without current tax liability.
28. Choice given to participating policyholders for using dividends.
30. Yield earned on the savings element of a life insurance policy.
33. Settlement option guaranteeing income for the beneficiary’s lifetime.