7 of 74 terms in Insurance
Terms starting with C
The share of claims an insurer settled out of the claims it dealt with in a year — one indicator of how it handles claims.
Insurance
The share of each health insurance claim you agree to pay yourself, such as 10% or 20%, with the insurer paying the rest.
Insurance
Terms starting with H
Insurance that pays for hospitalisation and related medical costs, up to a sum insured, under your policy’s terms and exclusions.
Insurance
An estimate of the economic value of your future income to your family — a common way to size life insurance cover.
Insurance
Terms starting with S
The cover amount in a life insurance policy — what the insurer agrees to pay your nominees on a valid claim.
Insurance
Terms starting with T
Pure life insurance that pays a fixed amount to your nominees if you die during the policy term, with no payout if you outlive it.
Insurance
Terms starting with W
A period after a health policy starts during which some conditions are not covered, such as pre-existing diseases or specified illnesses.
Insurance