• A plan of distributing surplus by giving to each policy theexcess of premiums and interest earned thereon over the expenses ofmanagement, cost of insurance, and the policy value at the date ofcomputation. This excess is called the contribution of the policy.


    Contribution plan meaning & definition 1 of Contribution plan.

Similar Words

What is Define Dictionary Meaning?

Define Dictionary Meaning is an easy to use platform where anyone can create and share short informal definition of any word.
Best thing is, its free and you can even contribute without creating an account.



This page shows you usage and meanings of Contribution plan around the world.