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Who is an assured in insurance?

A person who has been Insured by some insurance company, or underwriter, against losses or perils mentioned in the policy of insurance .

The proposer is a person who proposes to enter an insurance policy contract with a insurance company, to insure himself or another person on whose life he has insurable interest, and who also pays the premium of the policy.

assured adjective (CONFIDENT) showing skill and confidence : an assured performance. Synonyms. assertive. confident.5 days ago

to pledge or promise; give surety of; guarantee : He was assured a job in the spring.

What is an assuring person?

If you are assuring, you relieve someone else's fears .

Definition: Life assured or insured is the person(s) whose life is covered in the insurance contract . Description: In the event of a contingency, the insured can claim the amount or in the event of the death of the assured, the nominee will receive the insurance amount.

1 : characterized by certainty or security : guaranteed an assured market an assured place in history Success is by no means assured. She is assured of (having/getting) a job when she graduates. [=she is certain to have/get a job] 2a : very confident : self-assured proceeded with an assured attitude. b : self-satisfied.

Life assured may or may not be the policyholder . For instance, a husband buys a life insurance plan for his wife. As the wife is a homemaker, husband pays the premium, thus the husband is the policyholder, and wife is the life assured.

What is assured and life assured?

Definition: Life assured or insured is the person(s) whose life is covered in the insurance contract . Description: In the event of a contingency, the insured can claim the amount or in the event of the death of the assured, the nominee will receive the insurance amount.

Life assurance = An agreement between a life assurance company and a policyholder ; in return for a payment (premium) from the policyholder, the company commits to pay someone or something (the beneficiary) upon the death of the person whose life is being covered (the life assured).

Policyholder synonyms In this page you can discover 7 synonyms, antonyms, idiomatic expressions, and related words for policyholder, like: policy-holders, borrower, underwriter, shareholder, claimant, insurer and insurance-company .

2) The insured is the person whose life is being covered against the risk under the policy . 3) The insurer is the insurance company that provides the insurance cover. 4) The proposer is the person who takes the cover and is also called the policyholder.

Can I transfer my policy to another person?

Sure, you can . You can transfer your rights, title and interest in a life insurance policy to another person.