Insurance Glossary

::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::
::

Term Life Insurance - Life insurance that provides protection for a specified period of time. Common policy periods are one year, five years, 10 years or until the insured reaches age 65 or 70. The policy doesn't build up any of the nonforfeiture values associated with whole life policies.

Temporary Total Disablement - Disablement suffered following an accident for a specific period of time.

Theft - If goods are stolen by a person who has legal access to the premises, then theft is said to have been committed.

TPA (Third party administrator) - A TPA is a contractor that adjusts and ad-ministers insurance claims.

Third party - An outsider; a business or personal invitee or a party with absolutely no connection to an insured who may become a claimant under a form of public liability coverage because of injury or property damage alleged to have been caused by the negligence of the insured.

Tort - A civil wrong, other than a breach of contract, for which a court of law will afford legal relied, eg. harming another by an act of negligence in driving an auto.Travel Accident Policy

Travel Accident Policy - A limited contract covering only accident while an insured person is traveling.

Treaty - An agreement between a reinsurer and a ceding insurer setting forth details of the reinsurance arrangement.


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