Many terms in the insurance world are not widely known or understood by ordinary people. Even though this is important so that they can understand when buying insurance products and can choose insurance that suits their needs.
For those of you who want to take out insurance or plan to buy insurance. Understanding insurance terms is something that cannot be underestimated.
Generally, a number of terms in insurance use English, but some use loanwords. All terms in the insurance can be found in the handbook provided by the insurance provider/company to policyholders.
But you don’t need to worry about this first. For those of you who don’t know much or don’t have enough time to study policies, here is a summary from InsuranceWhat.com about common terms in insurance that are important to know and their definitions.
