The person who receives the benefit in case of death of the life assured.
As part of the Cashless Hospitalisation facility offered by some insurers to their policy holders, some hospitals enter into a contract with these insurers to offer cashless care to the policy holders, with the promise that the insurers will settle the bill with them later. These hospitals are called Networked Hospital and are said to be in the Network of that insurer.
Failure to implement the extent of caution that is required by the law.
The unavoidable physical deterioration of the condition of assets and property as a result of time and usage. Normal wear-and-tear increases over time due to usage as well as weather and other natural forces that surround it.