Glossary
Policy Wording
The full legal contract of a health plan, which decides every claim.
The policy wording sets out definitions, covers, exclusions and claim rules. Brochures and prospectuses summarise it, but the wording issued with your policy is what an insurer applies to a claim. Each version carries a UIN.
Related guides
More glossary terms
DeductibleCo-payment (Co-pay)IDV (Insured Declared Value)No Claim Bonus (NCB)Claim Settlement Ratio (CSR)Incurred Claim Ratio (ICR)
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