Published in Mint on 25th June 2018. Written by Abhishek Bondia. What does hypothecation mean? Does it apply to personal accident policies too?—Senthil Hypothecation refers to pledging an asset to a lender. In the event of a default, the lender can confiscate the asset to recover its dues. When an asset is mortgaged, its insurance […]
Critical illness plans for cancer pay a lump sum if the disease is diagnosed
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