Policy
Contract letter loading agreement of life insurance between Policy holders and the Insurer.
The insurer
Insurance company.
The insured
Someone who upper of soul is made an agreement with life insurance.
Policy holder
Someone or an institute making an agreement life insurance with underwriter.
Heir/inheritee/inheritor
Someone or institute which name written in policy as which [ to receive amount insured if the insured to pass away.
Amount insured
A number of moneys which written in policy which will be paid by underwriter to policy holder or referred if conditions for the purpose had fufilled.
Premium
A number of moneys which must be paid by Policy holder to the insurer referring to the existence of agreement of life insurance.
A Period of Insurance
Period where the insured is obliged to pay a number of Premi which has been determined to the insurer.
Claim
A number of moneys which must be paid by the insurer to the insured in the event of risk underwritten.
Medical Check Up
inspection of Health experienced by candidate the insured.
Endorsement
Additional to Insurance policy which is part of extending contract or limits benefit.
