Insurance Dictionary Glossary
Insurance Dictionary Glossary : Free Insurance Definition Android App In Google Play Store
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection of loss and/or risk management or reimbursement which focus to hedge against risk of a contingent or uncertain losses from an insurance company.
Insurer : an entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.
Policyholder : a person or entity who purchase insurance is known as an insured or policyholder.
The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate the insured in the event of a covered loss.
Premium : the amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is called the premium.
Claim : If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing the claim.
Feel free to explore A-Z Insurance Dictionary Glossary in Google Play Store, It is free to download.
This “Insurance Dictionary Glossary” Android App contains the following features:
1. Alphabetical listing from A-Z on Insurance terms and conditions definition
2. Search tool for A-Z Insurance Dictionary
3. Simple guide, learning and understanding about Insurance terminology and examples
4. Assisting your risk management
5. Easy to share
BONUS Features
1. Free QR Code Reader
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Category: Insurance Dictionary
