The rate of return on a with-profit policy set by an insurance company's actuary. The rate may vary from year to year.

Used for underwriting purposes in evaluating build and determining overweight and obesity. It tells us the person's health constitution. It is expressed as weight in Kg divided by height in meters to the power of two or Kg/height2

A description applied to the biggest and most highly regarded companies quoted on the stock market. Shares in such companies are usually considered a reliable and profitable investment.

The difference between the buying price (bid) and the selling price (offer) of units in an investment. The mid-price is the middle point between the two and is often the price quoted in newspapers. Also called the bid/ask spread.

What the market will pay, or what a seller will receive, for a particular share.

The person who receives the benefit of a policy in case of death during the term or the policyholder who receives the benefit on maturity

Automatic switching between funds to reduce exposure to risk.

A term sometimes used instead of "insurance", generally in connection with life business, since assurance implies the certainty of an event (such as death) and insurance only the probability

This is the process by which, the owner of the rights under the policy known as the assignor transfers the right to another person known as the assignee by executing a deed of assignment.

Investment management service provided by financial institutions on behalf of their clients.