Meaning Of The Word Traditional policy

Real Dictionary

What's the definition of Traditional policy? Find Traditional policy meanings, definitions and more at the Real Dictionary online.

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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