Learn about the grace period in health and life insurance policies, including what it means for your coverage and payment schedules.
Learn about paid claims in health insurance, which are the amounts paid to health care providers under a health plan. Discover how these claims impact policyholders and insurers.
Understand the concept of Initial Premium in general insurance terms - the premium paid at the beginning of the policy, which may be adjusted at the end of the contract term.
Learn about fractional premiums in general insurance, a payment method where premiums are divided equally and paid at regular intervals such as quarterly.
Explore the concept of allocated benefits in health insurance, including specific payments for supplies, drugs, or X-rays. Learn how these targeted benefits work to provide specialized financial assistance.
