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Dating Back - Dating Back or Back Dating is an alternative to the life assured to receive the benefit of lower age where the policy is stated from a date earlier than the date of signing of particular proposal form. However back dating is just restricted to one year.

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Double/Triple Cover Plans These offers to the recipients double/triple the sum guaranteed on death of life assured in the term of the insurance policy. On endurance to the date of maturity, the essential amount assured is paid to the assured.

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Days of Grace Policyholders are predictable to pay insurance premium on due dates. A period is 15-30 days is permitted as grace to make payment of insurance premium; such period is days of grace.

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Death Benefit It is a sum that is made to a beneficiary on the death of the insured person.

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Declining In case of an insurer's refusal to insure an individual after Careful assessment of the application for insurance policy including any other risk factors.

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Decreasing Term InsuranceLevel Premium Term insurance with death benefits, which decrease each policy anniversary. The death benefit might even decrease according to the planned that fits a declining required, such as a loan balance.

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Deferred AnnuityAn annuity plan where the first annuity payment becomes due after choosing the period, which exceeds one year.

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Deferment dateIt is the particular date on which the deferment period ends.

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Deferment periodDeferment period is the period from the date of beginning of the insurance policy to the date of beginning of any risk on the child's life under a Children's Deferred Endowment Assurance policy.

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Deferred Group AnnuityA type of group annuity that is provided for the purchase every year of a paid-up deferred annuity for every member of that particular group, the total amount received by the member after retirement being the sum of these deferred annuities.

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Defined Benefit Plan A pension plan stating either (1) the benefits to be got by employees after retirement or (2) the technique of shaping such benefits.

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Defined contribution Plan A plan under which the contribution rate is actually fixed and even the benefits to be received by employees after retirement depend to some amount upon the contributions and their earnings.

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Depreciation Any decrease in the sum of property over a period of time due to wear and tear or obsolescence. Depreciation is used to decide the actual cash value of property at time of loss.

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Deposit Administration Group Annuity Types of group annuity provided for the accretion of contributions in a complete fund out of which annuities are bought as the individual members of the group retire.

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Deposit Premium It is a premium deposit paid by a policyholder when an insurance application is made for an insurance policy and it is as well applied toward the actual insurance premium when asked to pay.

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Balance Billing It is a form of term insurance, not actually involving a "deposit," in which the first-year premium is more than following premiums.

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Direct BeneficiaryThe named beneficiary, to whom death proceed would be paid directly upon the insured's death.

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Disability Insurance (DI)A form of insurance coverage that provides a portion of income lost as the result of a total or partial disability caused by either an accident or an illness.

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Disability Overhead Expense (DOE)A reimbursement plan planned to cover business expenses during the total or the partial disability of a experts or business person.

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DividendA compensation of part of the annual premium that is left over after the company has set aside the essential reserve.

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Double IndemnityA policy provision generally related with death that doubles payment of a designated benefit when some kinds of accidents occur.

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