The insurance term is not as difficult as it seems. 😄

💡💡 ever.. will take out insurance and have to find out by yourself. In detail, you will find the words you read and confused. Do not understand what that means. Today, we will easily digest the keywords that are usually found in insurance. 💡💡

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✳️ policy = The insurance contract we make with the company will tell you all the benefits / coverage and conditions of the insurance.

✳️ premium = the money we pay the company, depending on what kind of payment we choose, monthly, six-month, annual.

* * The allowance is cheap or expensive, it depends on age, career, health, insurance capital * *)

✳️ insurance capital = the maximum amount of money we can receive from the company in terms of the policy (* * This one, we choose the more capital we want. The higher the capital, the higher the interest will follow * *)

✳️ the owner of the policy = the person who paid the premium.

✳️ insured = person covered by the insurance.

* * The owner of the policy and the insured are different people, such as parents buying health insurance for their children, the owner is the parent, and the person covered is the child * *)

✳️ benefit / coverage = the amount or condition we receive from the company as specified by the contract.

(* * e.g. life insurance, 1 million insurance capital, when the insured dies, the company will pay the beneficiary 100% of the insurance capital, i.e., 1 million to the beneficiary * *)

✳️ the beneficiary is the person who gets the money for the terms of the contract.

* * For example, parents take out life insurance, enter the name of the child as the beneficiary. In case of the death of the parent, the child receives money * *)

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The main thing to find is something like this, but there may be other details based on different insurance schemes. Anyone who has ever chosen, has read by themselves and does not understand, then try to send it to you to consult. 😊

Fb. Tae Thitirojnopparat.

Line. ivarath.

# Insurance terms should know

# KrungthaiAXA # Thai axa

# Health insurance # Life insurance