释义:An insurance policy supplementary to an existing main insurance contract entered into between the policyholder and the insurer. A rider is not an independent insurance contract.

释义:Investment accounts maintained by an insurer to which funds have been allocated for certain policies under provisions of the PRC insurance laws. The investments in each separate account are maintained separately from those in other separate accounts and an insurer’s general account and generally are not subject to the general liabilities of the insurer. The investment results of the separate account assets generally pass through to the separate account policyholders and contractholders, less management fees, so that an insurer bears limited or no investment risk on such assets.

释义:A lump-sum payment of premium.

释义:The ability of an insurance company to satisfy its policyholder benefits and claims obligations. As required by the PRC insurance law, insurance companies must meet minimum solvency requirements.

释义:Monetary amounts established by the PRC insurance law that an insurer must have available to provide for future policyholder benefits and obligations.

释义:Insurance products that are additional to the insurance products originally offered and which constitute separate, independent insurance products.

释义:The act by a policyholder to terminate the policy prior to the expiration of the policy.

释义:Life insurance products which provide a guaranteed benefit upon the death of the insured within a specified time period.

释义:The process of examining, accepting or rejecting insurance risks, and classifying those accepted, in order to charge an appropriate premium for each accepted risk.

释义:Life insurance products in which premiums, less expense charges, are credited to a policy account from which periodic charges for life insurance are deducted and to which interest and investment income are credited. Typically, the policyholder can vary the amount and timing of premium payments and change the amount of insurance coverage.

释义:Life insurance products for which the reserves and/or benefits may vary in amount with the market value of a specified group of assets held in a segregated fund.

释义:An actuarially determined estimate of the economic value arising from new life insurance business issued in one year.