Insurance Terms Decoded: Don't Get Tricked by Fine Print!
A Must-Read Guide by A2Z Insure & A2Z Finserve Insurance Marketing LLP
Buying insurance should feel like securing your future—not deciphering a secret code. Yet, most policy documents are packed with confusing jargon that leaves customers scratching their heads.
What does "sub-limit" mean? How is "sum assured" different from "sum insured"? And why does "co-payment" sound like a hidden cost?
If you've ever signed an insurance policy without fully understanding the terms, you're not alone. But here's the scary truth: Misunderstanding just one clause could cost you thousands when you file a claim.
At A2Z Insure & A2Z Finserve Insurance Marketing LLP, we believe in transparency. In this guide, we'll demystify the most confusing insurance terms so you can buy and use your policy with confidence.
10 Insurance Terms You MUST Understand (Before Buying a Policy!)
Sum Assured vs. Sum Insured
Sum Assured → Guaranteed payout (common in life insurance).
Sum Insured → Maximum coverage limit (common in health/general insurance).
Deductible (Excess)
The amount you pay first before the insurer covers the rest.
Co-Payment
A fixed percentage you pay for every claim (common in health insurance).
Final Warning: Ignoring These Could Cost You Later!
Insurance isn't just about paying premiums—it's about knowing what you're buying. A single misunderstood term could mean:
- Rejected claims
- Unexpected out-of-pocket costs
- Renewal surprises
Don't gamble with your coverage! At A2Z Insure & A2Z Finserve Insurance Marketing LLP, we explain every detail—no fine print traps!
Still Confused? Let's Talk!
If insurance jargon still feels like a maze, reach out to our experts! We'll break it down in plain English—no sales pressure, just clarity!
Did We Miss Any Confusing Terms?
Comment below, and we'll clarify them for you!