Health Insurance Glossary (4) - INDIA - continued

Posted on Sat, 19 Dec 2009

Personal Accident PolicyPersonal Accident Policies are issued as fixed benefit policies whereby specified sums are paid on the occurrence of specified events. These events could be death or disability...

Health Insurance Glossary (3) - INDIA - continued

Posted on Sat, 19 Dec 2009

InsuranceInsurance is a contract in which an individual or entity, pays the insurance company in return for the insurance company bearing the risk of loss against specified conditions. The individual ...

Health Insurance Glossary (2) -INDIA - continued

Posted on Sat, 19 Dec 2009

Disability InsuranceDisability insurance is a form of insurance that pays a monthly income to the insured when he suffers from total or partial disability. This disability could have been caused due t...

Health Insurance Glossary (1) - INDIA

Posted on Sat, 19 Dec 2009

AgentAn agent is appointed by the insurer to conduct business on behalf of the insurance company. An agent must hold a license issued by the IRDA. ClaimThe process of applying to the insurer for reimb...