partially guaranteed definition

partially guaranteed. ’ means where some, but not all, the insurance obligations under an insurance policy at the end date of the insurance policy or, in respect of an annuity, at each annuity installment, are at the start of the insurance policy—
partially guaranteed means where the insurance obligations under a policy at the end date of the policy or, in respect of an annuity, at each annuity installment, are at the start of the policy –