Lapse Ratio,

How To Define Lapse Ratio?

• The ratio between the number of policies terminated during a period and the total number of policies taken at the beginning of that period.

• The maturity rate is the ratio between the policies issued by the insurance company at a given time and the total number of policies issued during that period. This index is an indication of a company's ability to have a large number of policyholders.

• The ratio between the number of life insurance contracts that have expired during a given period and the number that have come into force at the beginning of that period.

Literal Meanings of Lapse Ratio

Lapse:

Meanings of Lapse:

1. Concentration, memory or temporary decision failure.

2. Interval or lapse of time.

3. (Right, Privilege or Agreement) is invalid because it is not used, claimed or renewed.

4. Move slowly (fewer states or states)

Sentences of Lapse

1. The lack of concentration in the second set paid for the match

2. There was a long time between the two incidents.

3. My academy membership has expired

4. The country fell into chaos

Synonyms of Lapse

decay, fall off, failure, deteriorate, expired, sink, fall, negligence, discontinued, omission, intermission, unrenewed, mistake, gap, failing, interlude, decline, get worse, rot, worsen, hiatus, regress, backslide, void, terminated, fault

Ratio:

Meanings of Ratio:

1. A quantitative relationship between two quantities that indicates how many times one value is included or whether another quantity is included.

Sentences of Ratio

1. The male-female employment ratio is 8 to 1

Synonyms of Ratio

balance, correspondence, comparative extent, relationship, proportion, correlation, quantitative relation, comparative number

Lapse Ratio,

What is The Meaning of Lapse Ratio?

• Comparing the number of policies expiring in a year with the number of policies taken at the beginning of the year.

• Lapse Ratio means, Maturity rate is the ratio between the policies issued by an insurance company that are not renewed and the total number of policies issued during the same period. This index indicates the company's ability to retain a large number of policyholders.

• The ratio between the number of life insurance contracts that expire during a given period and the number that take effect during that period.

Literal Meanings of Lapse Ratio

Lapse:

Meanings of Lapse:

1. Short or temporary failure of detention, memo or decision.

2. Time lapse or time lapse.

3. (Right, privilege or agreement) becomes invalid because it is not used, claimed or renewed.

4. Slowly move towards (lower state or state).

Sentences of Lapse

1. The lack of concentration in the second set paid off for him.

2. There is a long way between the two events.

3. Let your CND subscription expire.

4. The country fell into disarray.

Synonyms of Lapse

wane, run out, span, become void, go to pot, break, pause, go down the toilet, course, retrogress, become invalid, error, slump, slip, invalid, slip-up, passage, spell, interval, out of date, go downhill, drop, dereliction

Ratio:

Meanings of Ratio:

1. A quantitative relationship between two quantities indicates how many times one value contains or is included in another.

Sentences of Ratio

1. The employment ratio between men and women is 8 to 1.

Synonyms of Ratio

comparative number/extent, quotient, fraction, percentage

Lapse Ratio,

Lapse Ratio Definition:

• You can define Lapse Ratio as, The ratio between the number of policies ending in one and the total number of policies written during that phase.

• Lapse Ratio refers to The ratio between the number of life insurance contracts that expired during a given period and the number that came into force at the beginning of that period.

Literal Meanings of Lapse Ratio

Lapse:

Meanings of Lapse:

1. Short or temporary failure of concentration, memory or decision.

2. Move slowly (to a lower state or state).

Sentences of Lapse

1. He lost the game due to lack of concentration in the second set

2. There is a long gap between the two events.

Synonyms of Lapse

oversight, go to the dogs, degenerate, passing, lull, become obsolete, hit the skids, blunder, period

Ratio:

Meanings of Ratio:

1. A quantitative relationship between two quantities that indicates how many times one value contains or includes the other.