Participation

 

Meaning of the word: Participation

Participation is a supplement in the treaty, where is listed the information about the contribution to the indemnity by the insured person himself. If the damage caused by the insured, the indemnity shall be reduced just about participation. Participation is measured as a percentage, the amount ranges from 10% to 1%.

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FROM DICTIONARY

State contribution

The state contribution is a certain sum, which the State contributes to a supplementary pension to the participant. You receive state contribution…

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