Navigating health insurance can feel confusing, especially with all the complicated terms involved. Whether you’re buying health insurance for the first time or thinking about changing your plan, this health insurance glossary can help you make better choices about your coverage. 

Here’s a simple guide to the most important health insurance terms so you can feel more confident when choosing a plan.

A

Allowed Amount

Ambulance Cover

Annual Renewal Date

C

Claim Settlement Ratio

Co Pay

Critical Illness Cover

Cumulative Bonus

Claim

Cashless Hospitalization

D

Day Care Treatment

Dependents

Deductibles

E

Exclusions

Eye & Dental Coverage

F

Family Floater Policies

Free Look Period

G

Grace Period

H

Health Checkup

High Value Health Insurance

I

Individual Health Insurance

ICU Charge 

Inclusions

L

Long-Term Disability Insurance

Long Term Care Policy

M

Maternity Cover

N

Network

No Claim Bonus

O

OPD Benefit

P

Personal Accident Cover

Policy

Portability

Pre and Post-Hospitalization Expenses

Pre-existing Disease

Preauthorization

Private Room

R

Reimbursement

Restoration Benefit

Room Rent

S

Sum Assured

Survival Period

Sub-Limit

T

Terminal Illness

Third-Party Administrator (TPA)

Top-up Plans

W

Waiting Period