risk-sharing

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Indian hijras participate in a religious procession in Gandhinagar, India, some 30 kilometers from Ahmedabad, on March 22, 2017. Hijra is a term used in South Asia which refers to transgender individuals who are born male. (gender identity, gender expression)

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jeans, denim, pants, clothing

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risk-sharing

insurance

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basis of contingent annuity

In annuity
…plans is based upon the risk-sharing principle. The price of an annuity paying a given sum for life is based upon the life expectancy of the annuitant at the time the annuity is to begin. In effect, the annuitant joins with a large number of other persons of the same…
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