Glossary

All Risk Coverage

DEFINITION

All risk coverage is a broad type of insurance that protects against sudden and unexpected events unless the policy specifically lists them as exclusions.

ELI5

Think of it like a big umbrella. It covers many surprise problems unless the insurance paper clearly says a certain problem is not covered.

Other related terms

Insurance Nomination

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Effective Interest Rate (EIR)

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Whole Life Insurance

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Supplementary Retirement Scheme (SRS)

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