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