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Tontine Insurance Meaning In Bengali
Tontine Insurance শব্দের বাংলা অর্থ কি: ঋণের বার্ষিক বৃত্তি বীমা
Tontine Insurance
Definition
1) Tontine insurance is a form of life insurance where the benefits are shared among the surviving policyholders.
2) Tontine insurance involves a group of policyholders who contribute premiums to a common fund, with the benefits increasing as the number of survivors decreases.
3) Tontine insurance was popular in the 18th and 19th centuries but has largely fallen out of favor in modern insurance practices.
Examples
Tontine Insurance Example in a sentence
1) Tontine insurance is a type of life insurance policy.
2) The tontine insurance plan ensures that the final survivor receives the full benefit amount.
3) Tontine insurance involves pooling premiums from policyholders.
4) Participants in tontine insurance receive dividends from the investments made by the insurance company.
5) Tontine insurance policies typically have a minimum age requirement for participation.
6) The terms and conditions of tontine insurance can vary between insurance companies.
7) With tontine insurance, the death benefits are distributed to the surviving policyholders.
8) Tontine insurance can provide financial security for beneficiaries after the policyholder's passing.
9) Tontine insurance may be used as a retirement income source for some individuals.
10) Policyholders in tontine insurance benefit from potential investment growth over time.
Synonyms
Encyclopedia
Tontine insurance is a form of life insurance where the benefits are shared among the surviving policyholders.
Tontine insurance involves a group of policyholders who contribute premiums to a common fund, with the benefits increasing as the number of survivors decreases.
Tontine insurance was popular in the 18th and 19th centuries but has largely fallen out of favor in modern insurance practices.
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