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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