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The determination of the cash value, both the base amount and the applicable surrender charge, in the contract can be explicit by determining the value for each surrender date (guaranteed cash values), by referring to the value of specific investments or subject to the discretion of the insurance company, which is often executed to bring cash values in line with values of the investments of ...
Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$630 billion) as of March 2024. [ 4 ]
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]
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Accounting and Financial Reporting in Life Insurance Companies LOMA 371 Risk Management and Product Design for Insurance Companies Fellow, Secure Retirement Institute FSRI® SRI 111 SRI 121 SRI 131 SRI 210 SRI 220 SRI 230 SRI 240 SRI 500 SRI 111 — Retirement Fundamentals SRI 121 — Retirement Plans, Accounts, and Annuities
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