Find term beginning with the letter T...

Tax Deduction

A tax deduction is a total amount an individual can claim to reduce their tax liability. It is a provision that allows any individual to reduce the tax liability on the total income.

Turnaround Time (TAT)

Turnaround time is the time to complete a process or request for insurance claims or policy issuance.

Term of Policy

The term of policy refers to the period for which the policy remains active. The policy term is determined at the time of purchase. Policyholders have the flexibility to choose the policy term based on the number of years they want to be covered for.

Total Permanent Disability

Total permanent disability is a condition in which an individual cannot work for the rest of life due to illness or injuries sustained. This is a state when the person will never be able to work again.

Traditional Life Insurance Plan

Traditional life insurance plans are the types of life insurance plans that have been serving the policyholders for a long period of time. These are proven financial instruments such as term insurance, Endowment Plans, Retirement Plans, etc.

Third Party Insurance Claim

A third-party claim refers to an insurance claim filed by an individual or entity (the claimant) against the insurance policy of another party (the insured), who is typically responsible for causing harm or damage.

TPA Meaning

TPA is an independent organization that acts as an intermediary between the insurance company and the policyholder, managing various aspects of the insurance claims process on behalf of the insurer. Visit the link to know more in detail.