Insurance Benefit
/ɪnˈʃʊərəns ˈbɛnɪfɪt/
Definitions
- (n.) A payment or service provided under an insurance policy to compensate for loss, damage, illness, or death.
The insurance benefit covered the medical expenses after the accident.
- (n.) The right to receive a payment or service under the terms of an insurance contract.
The policyholder claimed the insurance benefit after filing a valid claim.
Forms
- insurance benefit
- insurance benefits
Related terms
See also
Commentary
Insurance benefits are contractually defined and vary by policy type; precise terms govern eligibility and scope of benefits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.