125+ terms · growing
Indian Insurance Glossary
Plain-English definitions of every insurance term an Indian policyholder needs to know — from basics like ‘premium’ and ‘sum insured’ to deeper ideas like ‘room rent limit’, ‘no claim bonus’, and ‘free look period’. Every entry is educational and IRDAI-aware.
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A
- Adverse SelectionUnderwriting & Risk
- AssignmentGeneral Insurance Terms
- AYUSH CoverHealth Insurance
B
- BancassuranceRegulatory & Legal (IRDAI)
- Beneficial NomineeGeneral Insurance Terms
- Bima BharosaRegulatory & Legal (IRDAI)
- Bima SugamRegulatory & Legal (IRDAI)
- Bima VahakRegulatory & Legal (IRDAI)
- Bima VistaarRegulatory & Legal (IRDAI)
- Bumper-to-Bumper CoverMotor Insurance
C
- CashlessHealth Insurance
- Cashless ClaimClaims & Settlement
- Claim FormClaims & Settlement
- Claim IntimationClaims & Settlement
- Claim InvestigatorClaims & Settlement
- Claim RepudiationClaims & Settlement
- Claim Settlement RatioClaims & Settlement
- Co-payHealth Insurance
- Combined RatioActuarial & Statistics
- Comprehensive InsuranceMotor Insurance
- Cooling-Off PeriodGeneral Insurance Terms
- Corporate Agent (IRDAI)Regulatory & Legal (IRDAI)
- Critical Illness CoverInsurance Products & Plans
- Cumulative Bonus (Health)Claims & Settlement
- Cumulative Bonus BoosterHealth Insurance
D
- Day Care ProcedureHealth Insurance
- Death BenefitLife Insurance
- Decline (Underwriting Decline)Underwriting & Risk
- Deductible (Health)Health Insurance
- Discharge SummaryClaims & Settlement
- Domiciliary TreatmentHealth Insurance
E
- Embedded Value (EV)Actuarial & Statistics
- EndorsementGeneral Insurance Terms
- Endorsement (Motor)Motor Insurance
- Endowment PlanInsurance Products & Plans
- Engine Protection CoverMotor Insurance
- Expense Ratio (Insurance)Actuarial & Statistics
F
- Family FloaterHealth Insurance
- Final Non-Traceable Report (FNTR)Claims & Settlement
- Financial UnderwritingUnderwriting & Risk
- Free Look PeriodClaims & Settlement
G
- Grace PeriodGeneral Insurance Terms
- Group Health InsuranceInsurance Products & Plans
- GST on Insurance PremiumTax & Insurance
H
- Hospital Daily Cash BenefitInsurance Products & Plans
- HSN/SAC for InsuranceTax & Insurance
- Human Life Value (HLV)Life Insurance
I
- IDV (Insured Declared Value)Motor Insurance
- IIB (Insurance Information Bureau)Regulatory & Legal (IRDAI)
- Incurred Claim RatioActuarial & Statistics
- IndemnityGeneral Insurance Terms
- Indexation on ULIP Capital GainsTax & Insurance
- Insurable InterestUnderwriting & Risk
- Insurance Broker (IRDAI)Regulatory & Legal (IRDAI)
- Insurance OmbudsmanRegulatory & Legal (IRDAI)
- Insurance RepositoryRegulatory & Legal (IRDAI)
- InsurerGeneral Insurance Terms
- IRDAIRegulatory & Legal (IRDAI)
L
- LapseGeneral Insurance Terms
- Loading (Premium Loading)Underwriting & Risk
- Long-Term Two-Wheeler InsuranceMotor Insurance
- Loss RatioActuarial & Statistics
M
- MACT (Motor Accident Claims Tribunal)Regulatory & Legal (IRDAI)
- Material DisclosureGeneral Insurance Terms
- Maternity CoverInsurance Products & Plans
- Maturity BenefitLife Insurance
- Medical UnderwritingUnderwriting & Risk
- Money-Back PolicyInsurance Products & Plans
- Moral HazardUnderwriting & Risk
- Mortality RateActuarial & Statistics
N
- Network HospitalHealth Insurance
- No Claim Bonus (NCB)Motor Insurance
- NomineeLife Insurance
O
- OPD CoverInsurance Products & Plans
- Own Damage (OD)Motor Insurance
P
- Paid-Up ValueLife Insurance
- Pay-As-You-Drive (PAYD)Motor Insurance
- Persistency RatioActuarial & Statistics
- Personal Accident CoverInsurance Products & Plans
- Personal Accident Cover (Motor Owner-Driver)Motor Insurance
- PolicyholderGeneral Insurance Terms
- POSP (Point of Sale Person)Regulatory & Legal (IRDAI)
- Pre-authorisationClaims & Settlement
- Pre-Existing Disease (PED)Health Insurance
- PremiumGeneral Insurance Terms
- Premium Paying TermLife Insurance
- Proposal FormUnderwriting & Risk
R
- Reimbursement ClaimClaims & Settlement
- Reinstatement of CoverGeneral Insurance Terms
- Reserving (Insurance Reserves)Actuarial & Statistics
- Restoration BenefitHealth Insurance
- Return-to-Invoice CoverMotor Insurance
- RevivalGeneral Insurance Terms
- RiderLife Insurance
- Roadside AssistanceMotor Insurance
- Room Rent LimitHealth Insurance
S
- Salvage ValueClaims & Settlement
- Section 10(10D)Tax & Insurance
- Section 45 (Insurance Act)Regulatory & Legal (IRDAI)
- Section 80CTax & Insurance
- Section 80CCCTax & Insurance
- Section 80CCDTax & Insurance
- Section 80DTax & Insurance
- Section 80DDBTax & Insurance
- Solvency RatioActuarial & Statistics
- Sub-limitHealth Insurance
- SubrogationClaims & Settlement
- Sum AssuredGeneral Insurance Terms
- Sum InsuredGeneral Insurance Terms
- Surrender ValueLife Insurance
- Surveyor (Motor Insurance)Claims & Settlement
- Survival BenefitLife Insurance
T
- TDS on Insurance PayoutTax & Insurance
- Tele-underwritingUnderwriting & Risk
- Term InsuranceLife Insurance
- Third Party LiabilityMotor Insurance
- TPA (Third Party Administrator)Health Insurance
U
- ULIP (Unit Linked Insurance Plan)Insurance Products & Plans
- UnderwritingUnderwriting & Risk
V
- Value of New Business (VNB)Actuarial & Statistics
- Voluntary Deductible (Motor)Motor Insurance
W
- Waiting PeriodHealth Insurance
- Web Aggregator (IRDAI)Regulatory & Legal (IRDAI)
- Whole Life InsuranceInsurance Products & Plans
Z
- Zero Depreciation CoverMotor Insurance