Find term beginning with the letter G...

Grace Period

A grace period in insurance refers to the extra time given to policyholders to pay their premiums after the due date without the policy lapsing.

Gratuity

Gratuity is the monetary benefit given by the employer to the employees at the time of retirement or when they part away from company.

Gross Premium

Gross premium is the total premium paid by the insured. It consists of the net premium plus the operation expenses minus the interest. The premium amount indicates the total premium that contains brokerage and discounts.

Group Gratuity Scheme

A group gratuity scheme is the insurance policy that helps the employer save money to pay gratuity to the employees.

Group Insurance

An insurance policy that covers a defined group of people, such as employees of a company or members of a group is called a group insurance policy.

Guaranteed Surrender Value

The guaranteed surrender value is the guaranteed amount that the policyholder will receive on voluntary termination of the policy.

Guaranteed Survival Benefits

Guaranteed Survival Benefits are the benefits given to the policyholder only on surviving during or the complete policy term.

Goods and Service Tax

Goods and Service tax is the tax levied by the government on goods and services sold. The service tax falls under the category of indirect tax.

Guaranteed Return Plans

Guaranteed¹ Return Plans are insurance policies that pay guaranteed¹ payouts to the insured once the policy reaches maturity.

Guaranteed Death Benefit

The guaranteed death benefit is the assured amount of money that a life insurance policy will pay out to the designated beneficiaries upon the death of the insured person.

Guaranteed Cash Value

Guaranteed Cash Value represents the guaranteed minimum amount that the policyholder will receive if they surrender the policy before its maturity. Visit the link to know more in detail.