| 单词 | traditional policy |
| 释义 | traditional policy in British Englishnoun a life assurance policy in which the policyholder's premiums are paid into a general fund and his or her investment benefits are calculated according to actuarial formulae Compare unit-linked policytraditional policy in Insurance (trədɪʃənəl pɒlɪsi) Word forms: (plural) traditional policies noun (Insurance: Life insurance) policyA traditional policy is a life insurance policy in which the policyholder pays premiums into a general fund and benefits are calculated using statistics. A universal life policy generally earns interest at a higher rate than a traditional policy. For the traditional policy the basic sum assured is taken as the sum of the premiums payable. A traditional policy is a life insurance policy in which the policyholder pays premiums into a generalfund and benefits are calculated using statistics. |
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