Accident and Health Insurance -
Coverage for accidental injury, accidental death, and related health expenses. Benefits will pay for preventative services, medical expenses and catastrophic care, with limits.
Accidental Death and Dismemberment (AD & D) Benefit -
A supplementary life insurance policy benefit that provides for an amount of money in addition to the policy's basic death benefit. This additional amount is payable if the insured dies as the result of an accident or if the insured loses any two limbs or the sight in both eyes as the result of an accident.
Actual Cash Value -
A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation.
Accident and Sickness Insurance -
Term used to denote a personal accident insurance policy, which is extended to cover sickness benefits also. However benefits relating to sickness extension will be restricted to weekly compensation for temporary total disablement and for reimbursement of medical expenses towards treatment in a hospital or a nursing home for all sickness other than those which are excluded. The cover will be subject to a period exclusion and a maximum period limit in respect of any one sickness A policy like this which was in existence in the Indian Market was discontinued after nationalization of general insurance. It is possible that in the current scenario some companies introduce a similar insurance cover with the approval of the regulatory authority. (See also "Accident Insurance").
Age limits -
Stipulated minimum and maximum ages below and above which the company will not accept applications or may not renew policies.
Acquired immune deficiency syndrome.
Assignee is the person to whom the benefits under a life policy are assigned.
An insurance company representative licensed by the state, who requests, negotiates or effects contracts of insurance, and provides service to the policyholder through the insurer.