Hazard Insurance Definitions

Useful Words

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Insured : بیمہ دار , Cover : بیمہ کرانا , Insurance Premium : بیمہ کی قسط , General Agent : بیمے والا , Health Care : بیمار کا بیمہ , Health Insurance : صحت کا بیمہ , Insurance Company : بیمہ کرنے والا , Adjust : رقم طے کرنا , Coinsurance : مشترکہ بیمہ , Take-Home Pay : خالص تنخواہ , Hospitalization : ہسپتال کا بیمہ , Life Assurance : زندگی کا بیمہ , Reinsure : دوبارہ بیمہ کرانا , Moral Hazard : بیمہ دار کی ممکنہ بد دیانتی پر مبنی بیمہ کمپنی کو خطرہ , Loss Ratio : نقصان کی مقدار , Fixed Charge : مقررہ خرچ , Actuary : بیمے کا حساب کرنے والا , Health Maintenance Organization : صحت کے مشترکہ بیمے کا ادارہ , Term Insurance : میعادی بیمہ , Insurance : کسی نقصان کے تحفظ کے لیے بیمہ کرانا , Health Hazard : مضر صحت , Double Indemnity : دہرا ہرجانہ , Adjuster : بیمے کے دعووں کو چکانے والا , Medicare : طبی دیکھ بھال , Atomic Number 86 : ایک تابکار بھاری گیسی عنصر , Reinsurance : دوہری بیمہ کاری , Audacious : بے باک , Adventurer : جواری , Adad : بابل کے مذہب میں طوفان اور ہوا کا خدا , Stormy : طوفانی , Blow Out : بجھانا

Useful Words Definitions

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Insured: a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.

Cover: protect by insurance.

Insurance Premium: payment for insurance.

General Agent: an agent who sells insurance.

Health Care: social insurance for the ill and injured.

Health Insurance: insurance against loss due to ill health.

Insurance Company: a financial institution that sells insurance.

Adjust: decide how much is to be paid on an insurance claim.

Coinsurance: insurance issued jointly by two or more underwriters.

Take-Home Pay: what is left of your pay after deductions for taxes and dues and insurance etc.

Hospitalization: insurance that pays all or part of a patient`s hospital expense.

Life Assurance: insurance paid to named beneficiaries when the insured person dies.

Reinsure: insure again by transferring to another insurance company all or a part of a liability assumed.

Moral Hazard: (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance).

Loss Ratio: the ratio of the annual claims paid by an insurance company to the premiums received.

Fixed Charge: a periodic charge that does not vary with business volume (as insurance or rent or mortgage payments etc.).

Actuary: someone versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums).

Health Maintenance Organization: group insurance that entitles members to services of participating hospitals and clinics and physicians.

Term Insurance: low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value.

Insurance: promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.

Health Hazard: hazard to the health of those exposed to it.

Double Indemnity: a clause in an insurance policy that provides for double the face value of the policy in the case of accidental death.

Adjuster: one who investigates insurance claims or claims for damages and recommends an effective settlement.

Medicare: health care for the aged; a federally administered system of health insurance available to persons aged 65 and over.

Atomic Number 86: a radioactive gaseous element formed by the disintegration of radium; the heaviest of the inert gasses; occurs naturally (especially in areas over granite) and is considered a hazard to health.

Reinsurance: sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured.

Audacious: disposed to venture or take risks.

Adventurer: a person who enjoys taking risks.

Adad: Babylonian god of storms and wind.

Stormy: (especially of weather) affected or characterized by storms or commotion.

Blow Out: put out, as of fires, flames, or lights.