traditional policy

traditional policy

n
(Insurance) 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 policy
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Led by Saudi Arabia, many of the Arab states have been increasingly reversing their traditional policy of representing themselves as Israel's enemies and upholders of the Palestinian cause of ending Israeli occupation.
Mark Coffey, Oak Underwriting managing director, said: Our home offering has been updated to ensure our HNW customers are protected against the risks they face today that are not necessarily included in a more traditional policy.
The traditional policy address by the governor at the start of the assembly session also hinted that the state was facing serious financial challenges.
New Delhi -- Amid continuing India's traditional policy of baseless blame game, Indian army chief General Dalbir Singh Suhag on Thursday again accused Pakistan for giving "candid support" to militant groups like Jaish-e-Muhammed(JeM) and and Lashkar-e-Taiba(LeT) as he called on the international community to join hands in combating the menace.
However, the premium payments on a traditional policy will continue for as long as the policy remains in force.
The traditional policy of allowing under 16s in for free also applied but parking charges were also waived.
China's central bank has said that the nation does not need QE to boost liquidity, as traditional policy tools are capable of doing so, according to Reuters.
When King Abdullah internalized that the Arab order was about to shatter, he swiftly moved from the traditional policy of working behind the scenes to secure Arab consensus into a forefront position in the struggle for a better regional environment for the Arabs and the Muslims.
Paul French, writing for Reuters, suggested one theory: Reducing Kim's public appearances could be part of a government strategy to reduce tensions and broker better relations with other nations - "a shift from the traditional policy of the all-powerful, all-guiding 'Suryong Dominant Party-State System,' whereby the supreme leader directly rules over the party, the government, and the military, to something more consensual among the elite.
When the Arab Spring broke, the US concluded it would no longer continue its traditional policy of backing dictators - 9/11 and the end of the Cold War had made this policy unviable.
An inequality surge driven by the top pulling away from the middle while poverty rates were either stable or declining (the bottom has not been moving away from the middle) was a novel development in the postwar years, and none of the our traditional policy frameworks had much to offer in response.
That is untrue, and classic car insurance is less expensive than a traditional policy because a driver typically treats a classic car or antique car differently.

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