Insurance Glossary

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Non-cancelable policies - Such policies stay in effect regardless of whatever that might happen and as long as the premium is paid from time to time

Named Perils - Coverage in a property policy that provides protection against loss from only the perils specifically provided in the policy. Examples of named perils are fire, windstorm, theft, smoke, etc.

Negligence - Failure to use that care that a reasonable and prudent person would have used under the same or similar circumstance.

Net Premium - The portion of the premium rate which is designed to cover benefits of the policy, excluding expenses, contingencies and profit.

Net written premiums - Premiums income retained by insurance companies, directly or through reinsurance, after payments made for reinsurance.


Contact Us

Al Ahlia Insurance
        P.O. Box 5282, 4th floor
        Chamber of Commerce Building
        Manama, Bahrain

Marketing@alahlia.com

0973 17 225860

0973 17 224870