Meaning Of The Word Traditional policy

Real Dictionary

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Traditional policy Meaning

Traditional policy Definition
Traditional policy Definition

What's The Definition Of Traditional policy?

traditional policy in British English
noun: a life assurance policy in which the policyholder's premiums are paid into a general fund and his or her investment benefits are calculated according to actuarial formulae

traditional policy in Insurance
noun: A traditional policy is a life insurance policy in which the policyholder pays premiums into a general fund and benefits are calculated using statistics.

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