Glossary entry

Danish term or phrase:

Depotsikring

English translation:

deposit protection

Added to glossary by Michele Fauble
Sep 20, 2021 14:12
2 yrs ago
7 viewers *
Danish term

Depotsikring

Danish to English Bus/Financial Insurance
I have found the correct definition - basically there is assurance that your money from the insurance will be passed on to your next-of-kin, but am struggling to find the insurance technical term.

https://www.pensionsordbogen.dk/depotsikring/
Change log

May 11, 2022 18:09: Michele Fauble Created KOG entry

Proposed translations

4 hrs
Selected

deposit protection

the market-linked benefit stream Bu includes for example deposit protection (depotsikring),
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2607926
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4 KudoZ points awarded for this answer.
6 hrs

Endowment insurance > payable to nominated beneficiaries

My notes written into Bailey's DAN/ENG finance dictionary post-1989 edition: Private pension > collateralis/zing the ring-fenced pension pot vs. general pension fund; social security> hedging of survivor's benefit.

Greenland Government website: Depotsikring i opsparingsperioden > English version: 0.
Example sentence:

It will help you in securing the future of your children, especially in your absence. Your endowment fund gets shifted to your beneficiaries in case of an eventuality of you, the policyholder.

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.

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