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Insurance

Medical payments insurance

Insurance is a contractual agreement between an insurer and the insured, in which the insurer provides financial protection against potential losses. One type of coverage is known as accident insurance, where the insurer agrees to cover medical or funeral expenses for bodily injury or death, regardless of fault. This helps alleviate financial burden in case of unexpected accidents.

Related terms

Fixed annuity

Understand the meaning and definition of Fixed annuity in the context of stock market, trading, and investments.

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Income tax Liability

Understand the meaning and definition of Income tax Liability in the context of stock market, trading, and investments.

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Inland marine insurance

Understand the meaning and definition of Inland marine insurance in the context of stock market, trading, and investments.

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Pro-rata clause

Understand the meaning and definition of Pro-rata clause in the context of stock market, trading, and investments.

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Legal injury

Understand the meaning and definition of Legal injury in the context of stock market, trading, and investments.

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Single-premium annuity

Understand the meaning and definition of Single-premium annuity in the context of stock market, trading, and investments.

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