Page 9 - Insurance Glossary 100 Terms - Sashi Publications
P. 9
Free Look Period: The time period in which
a new policyholder can cancel the policy
without penalty.
Grace Period: The extra time allowed to pay
the premium after the due date.
Grievance Redressal: The process to
address complaints from policyholders.
Hazard: A condition that increases the
likelihood of a loss occurring.
Health Insurance: Insurance that covers
medical and surgical expenses.
