When it comes to health insurance, it is important to gather all the knowledge you possibly can. Health Insurance terminologies can be tricky business. To choose the right policy and make the best of your policy

A –

Agent is a person who has been appointed by the insurer to work on behalf of the insurance company.

B –

Beneficiary is an individual designated to receive the proceeds of a health insurance policy.

Breach of Condition is when a condition in the contract has been broken by the insured.

C –

Coverage is the scope or protection provided under contract of your insurance policy.

Chronic condition is a human health condition that has long-lasting effects. It includes arthritis, diabetes, cancer, diabetes, etc. Chronic condition requires long-term monitoring through examination, consultation, etc.

Co-payment is a fixed amount paid by an insured person for a covered healthcare service.

Cumulative bonus is an increase in the sum insured by a few percentage for every…

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