Amount payable by the company in case of death of policyholder.

The laws in most countries provide that in the event of a person who has gone missing for a certain number of years a court order can be made to declare the person as legally dead. This is usually set as seven years. It has to be proved to the court that he or she has not been heard of by anyone including those who would naturally have heard if he or she had been alive.

Tax on the buying of shares and other assets, such as houses.

Lumpsum contribution towards life insurance policy.

The formula for approximating the time it will take for a given amount of money to double at a given compound interest rate. The formula is simply 72 divided by the interest rate. In six years, Rs. 1000/- will double at a compound annual rate of 12% (72 divided by 12 equals 6)

Guaranteed additions to the policy depending on the company performance.

The measurable probability of loss or less-than-expected returns from an investment, asset or business activity.

An add-on benefit available at the option of the policyholders that may alter certain features of a policy by increasing or restricting benefits.

Usually calculated as pre-tax profit divided by capital employed (total assets minus current liabilities), expressed as a percentage. Indicates how efficiently a company's management uses its assets to generate profits over a period of time.

For savings, the difference between the original sum invested and the final value of income or capital growth, given as a percentage. For shares, the overall investment performance based on the movement in the price of the shares (gain or loss) and the dividend income from the shares.