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Home > QFINANCE Dictionary > Definition of life assurance

Definition of

life assurance


insurance paying others on insured's death insurance that pays a specified sum to the insured person's beneficiaries after the person's death.

Related definitions of "life assurance"

Recommended Further Reading (Term count)
  • Islamic Insurance Markets and the Structure of Takaful
    by Suzanne White
    Insurance plays a vital role in supporting both national and international economic development and growth. Islamic countries are no exception. The main issue for insurers in the Islamic world is that many Islamic scholars view conventional insurance as prohibited by Islam.Muslim scholars are not against the concept of risk mitigation, risk sharing, or risk management, including risk financing, per se. In fact, they support the compensation of...
  • Jean-Baptiste Say
    Early classical political economist
    Jean-Baptiste Say was an economist and businessman, writer, social philosopher, and a successful entrepreneur, and businessman. He initially worked as clerk to a merchant in England before returning to France, where he was employed at a life assurance company. His first published work was a pamphlet on the liberty of the press, published in 1789. He taught at the Conservatoire des Arts and Métiers, and Collège de France and, after being removed...
life assurance - Related Articles
  • New Assurance Challenges Facing Chief Audit Executives

    Best Practice

    But how much future proofing can and should be given? I achieved this by attaching a shelf life to quarterly conclusions. This is a concept where I vary how long my assurance conclusions are likely to remain valid, depending on certain broad criteria. For example, if the control environment
    By Simon D'Arcy

  • Ben Gunnee


    and transaction cost analysis. Based in London, he is responsible for the group’s overall business strategy within Europe and is part of its global management committee. Before joining Mercer in 2002, Gunnee worked for the Financial Services Authority and a major life assurance company. Holding a master’s degree


Definitions of ’life assurance’ and meaning of ’life assurance’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’life assurance’ and other financial terms with our online QFINANCE Financial Dictionary.

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