Insurance Dictionary

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Insurance term can be confusing for you not familiar with the insurance or who have never previously purchased insurance policy. Here, we have compiled a list of terms commonly used insurance to help you so that you can better understand the policy, police and benefits we offer.

* Actuarial (actuarial) --
* Functions in a insurance company that implements the principles of mathematics in the insurance, including calculation / consider the list price of premium and ensure the health of the company in financial terms. Annuity --
* Anuity provide a fixed annual income lifetime. Typically, the amount of cash to invest money in the fund can generate income to obtain that permanent lifetime. Assignment (transfer of rights) --
* Diverting some or all of the right to receive income earned from an insurance policy from someone or unity, the unity of the people or other. Automatic Premium Loan / Non-Forfeiture Loan (automatic premium loan / loans without redemption) --
* If the premium is not paid in the period of grace period and the police have sufficient cash value, there is a stipulation that a set amount of the premium paid in advance automatically. The amount of loans that still owe premiums can be imposed loans. Cash Value / Surrrender Value (cash value / value of ransom) --
* the amount of money that will be accepted by the policyholders when it life insurance policy that indicates that the benefits have value savings. Endowment Plan (programs)

* this type of insurance program to explore the benefits of both protection and savings. These insurance programs pay benefits in cash money amounting to the insured when the policy matures. The program also pays the amount when the insured dies, or if it can be applied, when an insured disabled comprehensive and permanent, and if it happens on the validity of police. Grace Period (grace period) --
* the period after the end of the payment due date of payment of premium where the premium can still be done without charge interest. During this period, the police still considered happen. Investment-linked Plan (insurance program that is associated with the investment) --
* Premium-paid premiums used to purchase protection benefits and life insurance units in a portfolio of investment funds. The price of the units will depend on the performance of investment fund. Maturity Date (date) --
* Date that have been approved during which an insurance company pay a cash money. None a number of policy-Participating (which did not include the police) --
* an insurance policy in which the policyholders are not included in the profit corporate. Paid-up Value (the value of the payment in advance) --
* this provision gives the holder the right to discontinue policies for premium-payment of premiums in later after police earn cash. Police remain valid in accordance with the amount of money the insurance has been reduced value. Participating Policy (which includes the police) --
* an insurance policy in which the policyholders included in the profit corporate. Policy Lapse (by the time the police) --
* Termination responsibility insurance as a result of not pay premium. Policy Loan (loan policy) --
* A policyholder who need cash for a temporary period of time can apply for and obtain loans against the value of insurance policies from the police. The imposition of interest is calculated on the start date of the applicability of the loan polis. Premium (premium) --
* the amount should be paid to obtain insurance that insurance needs. Regular Premium Policy (regular premium policies) --
* A policy that requires premium payments periodically, for example, monthly, every four months, every six months or annual. Reinstatement (the implementation of return) --
* the process in which an insurance imposed the return of a policy that has been caused by time because it is not pay premium-premium newly. Rider (additional benefits) --
* Rider is an additional benefit that can be included in a basic insurance program, such as comprehensive insurance program (whole life plan) or programs (endowment). This benefit is designed to provide additional protection to the financial cost of more cheap. Single Premium Policy (policies with premiums paid once) --
* A policy that requires only one premium payment made in front. Sum Assured (insured amount) --
* the amount of the deposit holders to be polis. Term Plan (the program be limited) --
* the type of insurance programs such as this offers protection / life insurance protection for a limited period of time. The amount of insurance money can only be paid if the insured dies, or in which can be applied to a comprehensive disability and permanent validity period on the program... underwriting (underwriting) --
* The process of evaluation / assessment and classification degree of risk related to potential tertaggung, as well as making the decision to accept or reject the risk tersebut.Whole Life Plan (comprehensive insurance program) --
The type of life insurance program offers protection / lifelong protection against death or, if they can be applied, a comprehensive disability and permanent, to the insured.