| Hard Insurance Market | A period in the underwriting cycle during which underwriting rules are strict and premium are high. |
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| Hazard | A condition that increases chance of loss. |
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| Hedge funds | A vehicle of collective investment. Hedge managers can engage in leverage, short sales and heavy use of derivatives across various markets, whereas M.F. managers cannot. |
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| Hedging | Unfavourable price risk is transferred to a specialist. |
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| HUF | Hindu Undivided Family as per Hindu Succession Act |
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| Human Life Value | The term is used to indicate the present value of the family's share of the deceased bread-winner's earning for purpose of life insurance. |
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| Human Life Value | Future earnings of a breadwinner are projectd and present value of the same is taken for finding out the insurance requirement. |
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