Premium
The price charged for insurance cover for a stated period.
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The price charged for insurance cover for a stated period.
The amount the insured may contribute when a claim occurs.
The value stated as the basis of cover.
The insurer’s process of assessing risk and deciding terms.
Events or circumstances a policy does not cover.
A written change or addition to policy terms.
The document summarising insured details, period, limits and premium.
A professional or supported assessment of current value.
Broad motor cover that generally includes own damage and third-party liability.
Motor cover primarily addressing liability to other people or property.
Medical treatment requiring admission to hospital.
Eligible medical care without hospital admission.
Time before selected benefits become available.
Eligible family members included under a medical scheme.
A smaller limit within a broader policy benefit.
Political violence and terrorism cover, where included or selected.
A statutory levy commonly shown on relevant premiums.
A statutory contribution associated with relevant insurance premiums.
A fixed statutory charge that may apply to a policy.
Informing the insurer or advisor that an insured incident may have occurred.
Cover for selected financial effects following insured business damage.
Legal responsibility for injury, damage or loss involving another party.
Cover for selected claims arising from professional advice or services.
Insurance connected to statutory employer obligations for work-related injury.
Life cover arranged for an eligible employee or member group.
Accident cover arranged for an eligible group.
A communication outlining proposed terms for a new policy period.