RESOURCE CENTRE
Insurance Glossary
Understand insurance terms in simple language
Premium
The amount you pay to keep your insurance active.
Sum Insured
The maximum amount the insurer will pay in case of a claim.
Deductible
The amount you pay before the insurer covers the rest.
Claim
A request made to the insurer for compensation.
Policy
The official document that outlines your insurance coverage.
Cashless Hospitalization
Treatment where the insurer directly pays the hospital.
Waiting Period
Time before certain benefits become active.
Rider
Additional benefits added to your policy.
No Claim Bonus
Discount or benefit for not making claims.
Coverage
The risks or events your policy protects against.