| Term | Definition |
| 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 Statement | A 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. |
| Beneficiary | The recipient of the contractual benefits from an insurance policy which is a Benefit-type policy. |
| Biopsy Report | A report on the body tissue which was removed and examined by a pathologist. Also known as Histopathology report. |
| Cardiac Enzymes Report | A report on certain enzymes that are released from the heart muscle when the heart muscle dies. |
| Deductible | The 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. |
| Exclusion | A contractual provision that denies coverage for certain perils, persons, property or locations. |
| Grant of Letters of Administration/Probate | A Court Order stating the legal representatives who are entitled to deal with the deceased’s estate. |
| Indemnity | Restoration of the claimant to the same financial position immediately before a loss by payment, repair or replacement. |
| Intestate | A person who died without leaving a will. |
| MRI Report | A 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 Condition | A physical and/or mental condition of the Life Assured that existed before the policy proposal. |
| Reimbursement | To pay back the expense amount which was incurred by the Life Assured. |
| Trust | A legal arrangement whereby a property is held by a person or corporation (trustee) for the benefit of others (beneficiary). |
| Waiting period | A specific period of time that must pass following the onset of a covered condition before any benefits will be paid. |
Beranda » Claims Glossary
