IPD
Network hospital
OPD
Health card
Pre existing disease
Insurance premium
Waiting Period
Sum Insured
Liability Insurance

Insurance Glossary

We understand how difficult it is to learn all the current and evolving insurance terms and nomenclature. But that’s no excuse for you to stop learning. That’s why we did all the homework and created this cheat sheet.

HR glossary and terminologies

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The sum insured is the maximum total amount the insurer will pay for an employee’s or dependent’s medical expenses during the policy year. It acts as the total yearly medical budget from the insurer and can be set per person or shared among family members under the same plan.