Claims Glossary - Nota Kewangan Islam

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Claims Glossary

Activities of Daily Living (ADL)The functions that people do daily to maintain an independent way of life. The 6 Activities of Daily Living are washing, dressing, feeding, going to the toilet, mobility and transferring.
Administrator A person appointed by the courts to act as fiduciary to settle an estate.
Attending Physician's StatementA report from a physician consulted by the proposed insured either for routine physical examinations or for specific health problems. The report provides the company with information relevant to underwriting the risk or settling a claim.
BeneficiaryThe recipient of the contractual benefits from an insurance policy which is a Benefit-type policy.
Biopsy ReportA report on the body tissue which was removed and examined by a pathologist. Also known as Histopathology report.
Cardiac Enzymes ReportA report on certain enzymes that are released from the heart muscle when the heart muscle dies.
DeductibleThe portion of an insured loss to be borne by the policyholder before he is entitled to recover from the insurance company.
Electrocardiogram (ECG)A non-invasive test that detects and records the electrical activity of the heart.
ExclusionA contractual provision that denies coverage for certain perils, persons, property or locations.
Grant of Letters of Administration/ProbateA Court Order stating the legal representatives who are entitled to deal with the deceased’s estate.
IndemnityRestoration of the claimant to the same financial position immediately before a loss by payment, repair or replacement.
IntestateA person who died without leaving a will.
MRI ReportA special radiology technique designed to image internal structures of the body using magnetism, radio waves and a computer to produce the images of body structures.
Pre-Existing ConditionA physical and/or mental condition of the Life Assured that existed before the policy proposal.
ReimbursementTo pay back the expense amount which was incurred by the Life Assured.
TrustA legal arrangement whereby a property is held by a person or corporation (trustee) for the benefit of others (beneficiary).
Waiting periodA specific period of time that must pass following the onset of a covered condition before any benefits will be paid.

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