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Need help in learning insurance-related terms? Use this glossary of insurance definitions to better understand what each term means.
Actuary definition: A person from Actuarial Society of India, who manages & assesses the risks of insurance policies & investments. Click now to read more.
An accidental death definition dictates that a death resulting from external causes like car & motor accidents. Read complete accidental death meaning here!
Breach of Contract Definition: A breach of contract occurs when a party fails to attain its obligations as per the provisions of the agreement. Click to read about major four types of breaches
A beneficiary (also, in trust law, cestui que use) in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example, the beneficiary of a life insurance policy is the person who receives the payment of the amount of insurance after the death of the insured.
