Insurance Flashcards
-suport curs an2sem2- (25 cards)
Term Insurance
Definiție: A type of life insurance that lasts for a fixed period (e.g., 10, 20, 30 years). If you die during this term, a pre-determined amount is paid out; if you survive, you get nothing back. There is no investment element.
Traducere: Asigurare pe termen fix, fără componentă de investiție.
Lump Sum vs Income in Life Insurance
Definiție: Decide if your dependent needs a lump sum (e.g., to pay off mortgage) or income (regular payments). If income, insure for a lump sum that can generate that income through investments.
Traducere: Alegerea între plată unică sau venit regulat pentru beneficiari.
Critical Illness Cover
Definiție: Some policies pay out before death if the insured suffers a critical illness.
Traducere: Asigurare care plătește în caz de boală gravă înainte de deces.
Multiple Small Policies vs One Big Policy
Definiție: Buying several small policies can offer flexibility (e.g., cashing in some early while keeping others).
Traducere: Mai multe polițe mici pot oferi mai multă flexibilitate decât una mare.
Important Questions Before Buying Life Insurance
Definiție: Know the investment funds available, tax advantages, risks, costs, and suitability before buying.
Traducere: Întreabă despre fonduri, avantaje fiscale, riscuri și costuri înainte de a cumpăra.
dependents
persoane aflate în întreținerea ta, care ar fi afectate dacă tu ai muri
Lump sum
Traducere: Sumă forfetară, o singură plată mare
Explicație: O sumă de bani plătită o dată, de exemplu pentru a plăti ipoteca sau alte datorii.
Switching funds
Traducere: Schimbarea fondurilor de investiții
Explicație: Mutarea banilor dintr-un fond de investiții în altul.
Policy
Traducere: Poliță de asigurare
Explicație: Contractul de asigurare care descrie termenii și condițiile.
accident insurance
covers expenses of insured party due to accident
disablement insurance
covers the insured party’s risks of suffering loss in consequence of being disabled
employer’s liability insurance
covers the risks involved by compensation payable to employees for suffering injury or disease during their work
fire insurance
covers risks linked with the destruction of property and loss caused to the insured due to flames, lightning
holiday and travel insurance
covers risks during vacations, including loss of luggage, losses due to delays while travelling, theft or loss of money, traveller’s cheques, credit cards
household insurance
covers risks linked with structure of a house, sometimes with the things in the house
loss-of-profit insurance
covers the risk of an owner of losing profit because of circumstances beyond his control
motor insurance
covers costs of damage to and due to the insured party’s motor vehicle
old-age insurance
covers the risks of being unable to make a living on account of the advanced age
private health insurance
covers the insured party’s expenses for private medical treatment
property insurance
covers all risks linked with the insured party’s property
public liability insurance
covers an owner’s risk of having to pay compensation to a member of the public who has been injured or has suffered loss while on the premises of his company
📘 Exemplu:
Un client intră într-un magazin, alunecă pe o podea umedă nemarcată și își rupe mâna.
Clientul dă firma în judecată pentru despăgubiri.
Firma are public liability insurance, așa că asigurarea plătește banii clientului, nu firma din fondurile proprii.
sickness insurance
covers expenses of the injured while being sick and therefore unable to earn a living
third party insurance
Covers liability to compensate others for injury or loss caused by insured.
Asigurare de răspundere față de terți.
A contract of (1) insurance contained in a fire, marine, burglary or any other policy (excepting life assurance and personal accident and sickness insurance) is a
a contract of indemnity. This means that the insured, in case of (2) loss against which the policy has been issued, shall be fully indemnified.
