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Definition of

life assurance


insurance paying others on insured's death insurance that pays a specified sum to the insured person's beneficiaries after the person's death.

Related definitions of "life assurance"

Recommended Further Reading (Term count)
  • Jean-Baptiste Say
    Early classical political economist
    Jean-Baptiste Say was an economist and businessman, writer, social philosopher, and a successful entrepreneur, and businessman. He initially worked as clerk to a merchant in England before returning to France, where he was employed at a life assurance company. His first published work was a pamphlet on the liberty of the press, published in 1789. He taught at the Conservatoire des Arts and Métiers, and Collège de France and, after being removed...
  • Islamic Insurance Markets and the Structure of Takaful
    by Suzanne White
    Insurance plays a vital role in supporting both national and international economic development and growth. Islamic countries are no exception. The main issue for insurers in the Islamic world is that many Islamic scholars view conventional insurance as prohibited by Islam.Muslim scholars are not against the concept of risk mitigation, risk sharing, or risk management, including risk financing, per se. In fact, they support the compensation of...

Definitions of ’life assurance’ and meaning of ’life assurance’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’life assurance’ and other financial terms with our online QFINANCE Financial Dictionary.

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