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| WORD | DESCRIPTION |
| Nominee | The person nominated by the policyholder to be the recipient of the policy maturity amount. |
| Non Medical Insurance | A contract of life insurance underwritten on the basis of an insured's statement of his health with no medical examination required. |
| Non-Standard Life | Any individual, who cannot be granted a policy under normal rates of premiums but can be granted with an extra premium over normal rates of premium, is considered as a Non-Standard Life. |
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