Variable Life Insurance - Law Dictionary Search Results
Home Dictionary Name: variable life insuranceuniversal variable life insurance
universal variable life insurance see life insurance ...
variable life insurance
variable life insurance see life insurance ...
life insurance
life insurance : insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance : whole life insurance in this entry straight life insurance : whole life insurance in this entry term life insurance : life insurance that provides coverage for a set term and does not accumulate cash surrender value universal life insurance : life insurance characterized by flexible premiums, benefits, and payment schedules, by the indexing of cash value to money market interest rates, and by the periodic reporting of current value and company costs charged to the account universal variable life insurance : variable universal life insurance in this entry variable life insurance : life insurance in which all or part of the cash value of the policy is located in a tax-deferred investment portfolio with risk assumed by the insured for investment losses compare variable annuity at annuity variable univer...
variable universal life insurance
variable universal life insurance see life insurance ...
Life insurance fund
Life insurance fund, The life insurance fund as defined in s. 10(2) is an absolute security of the life policy-holders and cannot be used in any manner. The words 'life insurance fund' have a definite meaning under the Insurance Act under s. 10(2), read with s. 11 and form D of the Insurance Act, Life Insurance Corporation of India v. Crown Life Insurance Co., AIR 1965 SC 1985 (1987): (1965) 3 SCR 474. [Life Insurance Corporation Act, 1956]...
Life Insurance Corporation
Life Insurance Corporation, means the Lie Insurance Corporation of India established under section 3 of the Life Insurance Corporation Act. [Small Industries Development Bank of India Act, 1989, s. 2 (ha)]Means the Life Insurance Corporation of India established under the life Insurance Corporation Act, 1956 (31 of 1956). [Income Tax Act, 1961 (43 of 1961), s. 80C]...
Life insurance business
Life insurance business, the definition of 'life insurance business' given in s. 2(11) of the Insurance Act, 1938 clearly includes, by a deeming provision, the business of granting of annuities upon human life within the expression 'life insurance business', Commissioner of Wealth Tax v. Yuvraj Amrinder Singh, AIR 1986 SC 959: (1985) 4 SCC 608: (1985) Supp 3 SCR 565....
Life insurance
Life insurance, life insurance in a broader sense comprises any contract in which one party agrees to pay a given sum upon happening of a particular event contingent upon the duration of human life, in consideration of the immediate payment of a smaller sum or certain equivalent periodical payments by another party, Chandulal Harjivandas v. CIT, AIR 1967 SC 816 (818): (1967) 1 SCR 921. (Contract Act, 1872, s. 31)...
ordinary life insurance
ordinary life insurance see life insurance ...
straight life insurance
straight life insurance see life insurance ...
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