The terms in insurance has its own meaning elusive by the common people. The following explanation of this at least gives some idea about the terms in insurance in intreprestasikan may vary between insurance companies:
Agents are people who are tied with the insurance company that oppressed to find customers, negotiate the provisions of the policy, and serve the policyholders.
Annuity is a series of periodic payments granted to the insurance company annuity policyholders. Annuity is a term for people whose age is used as a benchmark in the calculation of annuity policy benefits.
A term for people who have undergone professional training in various technical aspects of insurance. Actuaries have a responsibility to estimate how the amount of funds required in the form of premiums or pension contributions for long-term payments. Actuarial is a unit where the actuary work.
Bancassurance is insurance sales distribution method using the bank as a channel which is generally used as a bank customer marketing target. Bancassurance also refers to the fusion of banking and insurance services in one place.
Bancatafakul is a distribution method that uses Takaful Islamic bank as a distributor. This method is generally used as a bank customer marketing target.
Proposals in insurance terms are explanations made by the insurance company about the benefits guaranteed sum insured in group insurance program. Proposals are usually offered to each participant along with the amount of the premium and the terms of the principal insured syarta. The proposal is often referred to as a group insurance quotation.
Insurance policy is an agreement between the insurer to the policyholder and other documents which constitute an inseparable unity with the insurance agreement. Insurance policies are often referred to as the policy contract.
8. Provisions Polis
Policy provisions are statements contained in the insurance policy, in which explain the procedure and terms of insurance coverage contact.
The insurance premium is an amount of money as stated in the policy approved by the policyholder to be paid to the Integration insurance policy in accordance with the agreement in order to remain active. The first premium, advanced premium, renewal premiums and premium policy changes are the kinds of premiums.
Risks in terms of insurance is a loss that can be incurred by the insured individual.
11. The Commission
Commission in insurance terms is defined as a part of the premium which is then paid to agents or other salespeople as remuneration in obtaining and serving policy.
In terms of insurance claims be interpreted as a request or guidance benefit payments in accordance with the provisions stipulated in the insurance policy.
Lapse in insurance terms is defined as the cancellation or termination of the effective period of the policy because the premium is not paid after melewatimasa grace.
Dependents in terms of insurance is a husband, wife, child, or other family members who legitimately listed in the policy.
Insured in insurance terms is a person or group of persons insured risk in the insurance contract.
16. Sum Insured
Insured in the insurance money is a sum of money into a liability insurance company to replace all or most of the financial losses that occur on the insured, as mentioned in the policy.
17. Term Insurance or Insurance Futures
Term insurance is an insurance policy with coverage period specified or not a lifetime.
18. Life Insurance or Whole Life Insurance
Whole life insurance is life insurance policies that provide coverage for life, this insurance often called permanent insurance.
19. Grace Period
Grace Period is the period of time within the insurance after the due date of advanced premiums, which premiums can still be paid without any payment of interest being insured still in force (status in which the insurance policy actively and legally binding). The grace period varies depending on the type of policy and the payment stage.
20. Wait Period
Wait for the insurance period in a certain period after a policy is issued, which insured health costs are not covered by the policy. The length of the waiting period is six months to two years and applies only to the cost of health because the disease is not due to an accident.