Definition: The term "emirates insurance co psc" refers to an insurance company based in Dubai, United Arab Emirates that provides coverage for various types of personal accident and medical services. The acronym stands for emirates insurance group. Emirates Insurance Company Group is a diversified holding company with operations across the Middle East, Africa, Europe and Asia, offering a range of financial and non-financial services to individuals, families, businesses, governments, and institutions. The PSC refers to the process of securing an insurance policy. A policy is essentially a contract between two parties: the insurer (the person or body that sells the policy) and the insured (the person who buys the policy). The insurer makes sure that the insured is covered by the terms of the policy, which are set out in detail. The acronym PSC stands for "premium-sure capital" or "premium assured capital". This means that the insurer has guaranteed repayment if the policyholder's insurance policy does not cover a particular loss. The term "premium-assured capital" refers to the investment risk that the insurer takes on, which is part of the premium. The acronym PSC is often used in insurance contracts between insurers and insureds, particularly where the insurer is unable to guarantee repayment if the policyholder's policy does not cover a specific event or loss. It serves as a form of indemnity for the insurer, covering the potential loss that may be caused by an uninsured event. In summary, the acronym PSC stands for "premium-sure capital" or "premium assured capital," which refers to the process of securing an insurance policy and the risk of insuring against the financial losses of an insured.

emirates insurance co psc

Definition: The term "emirates insurance company" is a title that refers to the British multinational airline Emirates Group, which operates several airlines in addition to its own service. It's often used to describe the largest U.S-based airline, but it could also apply to any company operating as an independent entity within a country. The term "emirates insurance company" generally refers to a company that provides comprehensive insurance coverage for aircraft and passengers traveling through its network of routes. This includes coverage for commercial, personal, and home accidents on the plane itself. The term "emirates insurance company" also may refer to any company operating in the UAE or other countries with an Emirates subsidiary or holding company. It can be used when a company operates under the umbrella of a multinational airline, but its operations are distinct from that of a traditional airlines. So for example, if you were looking at a company that was incorporated as a U.S-based business entity but had branches in multiple countries like Dubai and Abu Dhabi, it could be referred to as an "emirates insurance company" because it operates within the UAE, yet is not entirely based there.

emirates insurance company

Definition: In insurance, "rates" usually refers to the rates charged for the policy or policy protection. The rate charged can range from a flat fee for basic coverage to premium payments based on specific risks and conditions. A rate is calculated by multiplying the base cost (such as premiums) of the policy by a percentage, which represents the cost of insurance. This process helps in determining the amount that will be required to cover certain types of losses or damages. In some cases, rates are also adjusted for different factors such as age, health status, and location, depending on regulations set forth by governmental bodies or industry standards. This adjustment can help ensure that coverage remains cost-effective and competitive in the market.

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