INSURANCE DICTIONARY
In insurance dictionary section of our website, we had tried our best to educate you on all the insurance terminologies. The main purpose of this page is to educate people on the various insurance terminologies used in the life insurance industry. Kindly click on the required terminology to get the meaning for the same. If you didn't find out the insurance terminology here, feel free to comment. We will update you immediately.
INSURANCE DICTIONARY - ALPHABET WISE
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
INSURANCE DICTIONARY - GLOSSARY OF TERMINOLOGIES
| A |
| Absolute Assignment |
| Accident |
| Accidental Benefit |
| Accidental Death Benefit |
| Accidental Death Benefit and Dismemberment |
| Accidental Death Benefit Linked Rider |
| Accumulation Period |
| Actuarial Cost Assumptions |
| Actuarial Cost Method |
| Adjustable Life Insurance |
| Age at Entry |
| Age at Maturity |
| Age Limits |
| Annual Premium Annuity |
| Annual Premium Payment Mode |
| Annualised Premium |
| Annuitant |
| Annuity (Retirement Option or Life Annuity) |
| Assignee |
| Assignment |
| Assignor |
| B |
| Balanced Fund and Balanced Pension Fund |
| Bancassurance |
| Beneficiary |
| Bond Fund and Bond Pension Fund |
| Broker |
| C |
| Certified Insurance Facilitator (CIF) |
| Child Plans |
| Claim |
| Claim Amount |
| Commission |
| Concealment |
| Conditional Assignment |
| Contract |
| Coverage |
| CPPI (Constant Proportion Portfolio Insurance) |
| Criti Care 13 Rider |
| Critical Illness |
| Critical Illness Insurance |
| Critical Illness Rider |
| D |
| Daily Protect Fund |
| Date of Commencement |
| Death Benefit |
| Death Claim |
| Declaration of Good Health (DGH) |
| Decreasing Sum Assured |
| Deferment Date |
| Deferment Period |
| Deferred Annuity |
| Discontinuance Charges (Surrender Charges) |
| Discontinuance of Premium |
| Discontinued Policy Fund |
| Doctrine of Utmost Good Faith |
| E |
| Electronic Clearing System |
| Electronic Fund Transfer |
| Endowment Plans |
| Equity Elite Fund |
| Equity Fund |
| Equity Optimiser Fund and Equity Optimiser Pension Fund |
| Exclusions |
| Ex-gratia Claim |
| Expense Ratio |
| F |
| Family History |
| Financial Underwriting |
| First Unpaid Premium (FUP) |
| Fixed Annuity |
| Fraud |
| Free Look Period |
| Fund Management Charges |
| Fund Value |
| G |
| Grace Period |
| Gross Premium |
| Group Gratuity Scheme |
| Group Life Insurance |
| Growth Fund and Growth Pension Fund |
| Guaranteed Addition/ Loyalty Addition |
| Guaranteed Interest Rate |
| Guaranteed Returns Plans |
| Guaranteed Surrender Value |
| Guaranteed Survival Benefits |
| H |
| Hazardous Occupation |
| Health Insurance Plans |
| I |
| Immediate Annuity |
| Income Sustainer Rider |
| Increasing Sum Assured |
| Increasing Term Insurance |
| Indemnity |
| Index Fund and Index Pension Fund |
| In-force Policy |
| Insurability |
| Insurable Interest |
| Insurable Risk |
| Insurance Advisor (Agent) |
| Insurance Policy Document (Policy Document) |
| Insurer |
| Interim Interest Rate |
| Investment Risk |
| IRDA (Insurance Regulatory and Development Authority) |
| J |
| Joint and Survivor Annuity (Joint Annuity Plans) |
| Joint Life Insurance Plans |
| K |
| Key Employee or Keyman |
| L |
| Lapse |
| Lapsed Policies |
| Life Annuity (Annuity) |
| Life Assured (Insured) |
| Life Expectancy |
| Life Insurance |
| Limited Payment Whole Life Plan |
| Limited Premium Payment Term |
| Lock-in Period (Surrender Period) |
| Loyalty Addition/ Guaranteed Addition |
| M |
| Material Fact |
| Maturity Benefits |
| Maturity Date |
| Medical Underwriting |
| Minor Lives |
| Misrepresentation |
| Mode based Mortality Rate |
| Money Back Plans |
| Money Market Fund and Money |
| Market Pension Fund |
| Moral Hazard |
| Morbidity Rate |
| Mortality Charges |
| N |
| NAV Guarantee Plans |
| Net Asset Value (NAV) |
| Nomination |
| Nominee |
| Non Disclosure |
| Non-Medical Cases |
| Non-Participating Policies |
| Non-Standard Life |
| O |
| Occupational Hazards |
| Ombudsman |
| P |
| P/E Managed Fund |
| Paid Up Policy |
| Paid Up Value |
| Partial Disability |
| Partial Withdrawal Charges |
| Partial Withdrawals |
| Participating Policies |
| Payment Instrument Collection Charge |
| Pension Plans or Annuity Plans |
| Permanent Disability |
| Persistency |
| Policy Account |
| Policy Administration Charges |
| Policy Anniversary Date |
| Policy Document (Insurance Policy Document) |
| Policy Premium Component |
| Policy Revival |
| Policy Term |
| Policyholder |
| Politically Exposed Person (PEP) |
| Premature Death |
| Premium |
| Premium Allocation Charges |
| Premium Frequency (Premium |
| Periodicity) |
| Premium Holiday |
| Premium Payment Term |
| Premium Payor Waiver Benefit Rider |
| Premium Periodicity (Premium Frequency) |
| Premium Waiver Benefits |
| Primary Beneficiary |
| Proposal Form |
| Proposer |
| Protection Plans (Term Plans / Term Insurance) |
| R |
| Rebates |
| Redirection (Premium Redirection) |
| Regular Premium |
| Reinstatement |
| Renewal Premium |
| Return Guarantee Fund |
| Revival Period |
| Riders |
| Risk Assessment |
| Risk Premium Component |
| S |
| Savings Plans |
| Service Tax Deductions |
| Settlement Option |
| Single Premium |
| Standard Life |
| Standard Risk |
| Standing Instructions |
| Subrogation |
| Sub-Standard Life |
| Suicide Exclusion |
| Sum Assured |
| Sum Assured Multiplier Factor |
| (SAMF) |
| Superannuation |
| Surcharge |
| Surrender |
| Surrender Charges (Discontinuance Charges) |
| Surrender Period (Lock-in Period) |
| Surrender Value |
| Survival Benefits |
| Switching |
| Switching charges (Fund Switching Charges) |
| T |
| Term |
| Term Insurance (Protection Plans /Term Plans) |
| Terminal Interest Rate |
| Third Party Administrator |
| Top-Up |
| Top 300 Fund and Top 300 Pension Fund |
| Total Permanent Disability |
| Traditional Life Insurance Plan |
| U |
| Underwriting |
| Unit |
| Unit Linked Life Insurance Plans |
| (ULIPS) |
| Unit Price (Unit Value) |
| V |
| Variable Insurance Plans |
| Vested Bonus |
| Vesting Age |
| Void Contract |
| W |
| Waiting Period |
| Waiver |
| Whole Life Insurance Policy |
| With Profit |
| Without Profit |
INSURANCE DICTIONARY
