Demo Insurance Terms

Insurance Terms

Terms	Description
Contract	Agreement between company and policy Holder.(One Giving and one taking)
Nominee	A Person who receives the money on death.
Rider	It can be taken along with normal policy for extra benefits
Sum Assured	The limit of the policy amount or Risk Amount, Insurance
Claim	Payment of sum assured on Death or maturity.
Risk & Peril	Economic loss is risk and reason for risk is peril
Coroner (Investigator)	A person who investigates in case of death cases
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