Insurance Full Forms All List of Insurance Full Forms and Abbreviations are given below: Acronym Full Form Category ADB Accidental Death Benefit ACV Actual Cash Value AP Additional Premium ALOP Advance Loss of Profit API Annual Premium Income BPF Basic Premium Factor BIP Buy Insurance Plans CAPM Capital Asset Pricing Model CFA Chartered Financial Analyst CAC Combined Additional Coverage CGL Commercial General Liability CARG Compounded Annual Growth Rate EP Earned Premium EPLI Employment Practices Liability Insurance ECI Export Credit Insurance FRV Fair Rental Value FUP First Unpaid Premium GDPI Gross Direct Premium Income GDP Gross Domestic Product GWP Gross Written Premium GAP Guaranteed Auto Protection HIP Health Insurance Plans IBNR Incurred But Not Reported III Insurance Institute of India LIC Life Insurance Corporation of India LAE Loss Adjustment Expense MLE Maximum Loss Expectancy MPCI Multi-Peril Crop Insurance NPV Net Present Value NSP Net Single Premium NLG No Lapse Guarantees NVD No Value Declared ORM Operational Risk Management PLI Postal Life Insurance PIA Primary Insurance Account PML Probable Maximum Loss ROE Return on Equity ROI Return on Investment RP Return Premium RAM Reverse Annuity Mortgage RBC Risk Based Capital TDA Tax Deferred Annuity TDB Temporary Disability Benefits TPA Third Party Administrator UNL Ultimate Net Loss UP Unearned Premium YTM Yield to Maturity