||An add-on with a life policy. It compensates a policyholder in the event of death or injury by accident
||An investment option that makes a series of regular payments to an individual in exchange for a premium or a series of premia.
||To grow in value
||Everything owned or due to a person
||How your investments are spread across various asset classes
||It is like an IOU. By buying a bond you loan money to a company, a municipality, state or the Central Government
||The amount paid as return in a ‘with-profit’ policy. The bonus, expressed as a percentage of the sum assured, is generally declared every year. The amount is linked to the profits earned by the insurer. Depending on the time of withdrawal, there are two kinds of bonuses – reversionary and cash. A reversionary bonus can be encashed only on maturity of the policy; a cash bonus can be withdrawn when declared
||It is a tool used to monitor and control expenditures and purchases.
||Profit earned from the sale of stocks, mutual fund units and real estate. Long-term capital gains arise from assets owned for more than a year while short-term capital gains are made from assets owned for less than a year.
||Interest computed on principal plus interest accrued during the previous periods of the investment