equity-linked policy

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Also found in: Financial.

equity-linked policy

n
(Insurance) an insurance or assurance policy in which premiums are invested partially or wholly in ordinary shares for the eventual benefit of the beneficiaries of the policy
References in periodicals archive ?
Jamaica has abandoned plans to merge three problem-ridden life insurance companies into one, and will instead, sell their main portfolios to other insurance companies, reports CANA (February 11, 1999): In a move that the Ministry of Finance says will significantly change the landscape of the Jamaican life insurance sector, the portfolios for traditional and equity linked policies as well as the health portfolios, the traditional group life policies and the management of pension funds have were put to tender.