Insurance is not a stranger anymore in Indonesia, or even we've become one of the people have insurance. So many types of insurance that exist today such as life insurance, health insurance, education insurance and many others. In the insurance world there are certainly a lot of terms - terms that sometimes we do not understand what he meant.
Here are some list of terms in the insurance world we often hear and maybe we do not know.
Policy, or also called a policy contract, where the content consists of an insurance agreement between the insurer and the policyholder as well as other documents that became inseparable unity in such an insurance contract, including an insurance certificate for the participants in the bundles.
Premium, is the amount of money stated in the policy where the amount agreed upon by the policyholder telanh. This Policy shall be paid to the insurance company in accordance with the agreements contained in the policy. There are some that are on the insurance premium, the First Premium, Premium Advanced, Premium and Premium Extension Policy Change.
Policyholder, is the person or group of people who perform insurance contract (policy) to the insurance company. Policyholders also called the policy owner is the party who has the responsibility for paying premiums.
Insured, is a person or group of persons insured risk in the insurance contract.
Sum assured, is the amount of money that must be paid by the insurance company to the insured the amount agreed upon in the insurance policy. In health insurance, the sum insured is usually called the policy benefits.
Applications, this is a document containing a statement made to apply for insurance coverage and the insurance company uses as a basis for decision making issue insurance policies.
Claims, is a demand or claim payments made by the policy holder for the insurance money in accordance with the provisions laid down in the policy.
That some of the terms we often hear in the world of insurance. But there are many other terms that insurance is not listed above.
