Category Archives: T – Asuransi Jiwa

terminal illness (TI) benefit

An accelerated death benefit under which the insurer pays a portion of the policy’s d company death benefit to a policyowner-insured if he suffers from a terminal illness and has physician-certified life expectancy of 12 months or less

termination of reinsurance

The process by which a direct writers cancels the reinsurance covering a policy issued by the company

third-party administrator (TPA)

An organization that is not affiliatited with an insurer and that provides various administrative services to insurers and group policyholders

third-party notification provision

A long-term care insurance policy provision under which the policyowner provides the name of another person that the policyowner authorizes the insurer to contact in the event of a missed premium payment

third-party policy

A policy in which one person purchases an individual insurance policy on the life of another person

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