What is another term for policyholder?
Asked by: Prof. Sister Leffler | Last update: August 8, 2022Score: 4.8/5 (19 votes)
Noun. 1. policyholder, customer, client, holder.
What is another name for a policyholder?
Policyholder synonyms
In this page you can discover 7 synonyms, antonyms, idiomatic expressions, and related words for policyholder, like: policy-holders, borrower, underwriter, shareholder, claimant, insurer and insurance-company.
What is another name for the insured?
In this page you can discover 27 synonyms, antonyms, idiomatic expressions, and related words for insured, like: safeguarded, protected, covered, warranteed, guaranteed, uninsured, underwritten, secured, assured, ensured and ascertained.
What's the meaning of policyholder?
Definition of policyholder
: the owner of an insurance policy.
Is policyholder one word or two?
the individual or firm in whose name an insurance policy is written; an insured.
POLICYHOLDER meaning in English | Whats the Meaning of POLICYHOLDER Definition, Synonyms and use
Is policyholder and insured the same?
The policyholder controls the policy, while the insured is the person whose death prompts the death benefit payout. They are usually the same person in a life insurance policy, but can occasionally be different people.
What is a policyholder example?
A policyholder is the person who owns a specific insurance policy. In fact, it doesn't even need to be a person. It can be an organization, company, or another type of entity. An example of this would be a homeowners association for a condominium complex.
Who is policyholder policy?
A policyholder is a person who has purchased the insurance policy. Thus a policyholder is the owner of the policy and is the name that goes into the records of the company. Most often, the policyholder is the one who is insured in the policy as well.
Is my parent the policyholder?
In most types of insurance, your immediate family who live in your household are also automatically covered. This includes children, your spouse, parents, grandparents and siblings who live with you.
Who is the policy owner?
Policy Owner — the person who has ownership rights in an insurance policy, usually the policyholder or insured.
What is another word for insurance policy?
In this page you can discover 28 synonyms, antonyms, idiomatic expressions, and related words for insurance, like: coverage, security, protection, life insurance, accident insurance, liability-insurance, premiums, support, guarantee, backing and allowance.
What is the opposite of insured?
Antonyms & Near Antonyms for insurance. hazard, risk, threat.
What is the synonym of assurance?
Some common synonyms of assurance are aplomb, confidence, and self-possession.
Who is insured in an insurance contract?
2) The insured is the person whose life is being covered against the risk under the policy. 3) The insurer is the insurance company that provides the insurance cover. 4) The proposer is the person who takes the cover and is also called the policyholder.
Is Insuree a word?
Noun. The person or entity protected by or receiving insurance provided by the insurer.
Is the party to whom money or insurance proceeds is to be paid in the event of a loss?
LOSS PAYEE/LIEN HOLDER: A person or entity with a legally secured insurable interest in another's property, usually a financial institution that loaned money to buy a car. The car is the loan collateral. If the auto is damaged in an accident, loss payments will be made to you and to the loss payee on your policy.
Is the policyholder the beneficiary?
The policyholder is the person or organization in whose name an insurance policy is registered. The insured is the one whor has or is covered by an insurance policy. The beneficiary is the person who receives the insurance proceeds from a life insurance policy or annuity.
What is the difference between a policy holder and a subscriber?
Policyholder or Subscriber means the primary insured named in an Individual Insurance Contract. Policyholder or Subscriber means the primary insured (Plan Participant) named in an Individual Insurance Contract.
Who is the group policyholder?
The person who has purchased the policy and has the authority to exercise the rights stated in the contract is the policyholder. The policyholder is in most cases the insured or could be one of the policies beneficiaries.
What is the difference between claimant and insured?
What is the difference between a claimant and the insured? Simply put, the “insured” is a person or business entity that is covered by insurance. A “claimant,” on the other hand, can be any person or organization that suffered a loss and files a request to receive benefits from the insurer.
What's another word for insurance company?
Insurance-company synonyms
In this page you can discover 4 synonyms, antonyms, idiomatic expressions, and related words for insurance-company, like: insurance firm, insurer, underwriter and insurance underwriter.
What is an assurance provider?
Assurance Provider means, at any time, either (i) the external auditors of the Issuer from time to time appointed by the Issuer to audit the Issuer's financial statements; or (ii) an independent, qualified assurance provider with relevant expertise to be appointed by the Issuer.
What does Assurance mean in business?
Assurance is coverage that pays a benefit upon the eventual occurrence of a certain event. It also refers to a service rendered by a professional to confirm the validity and accuracy of reviewed documents and information.
Is it ensure or insure?
"To ensure" means to make certain. "To insure" means to protect against risk by regularly paying an insurance company. Example: I assure you that she is a skilled technician.
What is the difference between policyholder and life assured?
It's vital to understand the difference between a policyholder and life assured. For instance, when a husband buys an insurance policy for his wife, the husband is the policyholder whereas his wife is the life assured.