FAQ
The definition of insurance is an agreement between two parties, namely the insured (you or a family member as a person protected by Intra Asia insurance) and the insured (the Intra Asia insurance company).
- The insurer pays monthly or annual insurance premiums to the insurer during the agreed period and
- If the insured risk (falling ill, accident, death, etc.) occurs to the Insured during the agreed period, the Insurer will pay the Insurance Benefit in the form of Sum Assured.
Insurance premium is the amount of money paid by the insured to the insurer. Insurance premiums are paid monthly or annually during the agreed period.
Insurance Policy is a legal document which is proof that the Insured is a customer of the Insurer. The insurance policy used by Intra Asia is in the form of an e-policy or an online insurance policy.
What is the difference between the policyholder and the insured? The policyholder is the party who buys and owns the insurance policy. While the Insured is the party whose life is insured in the Insurance Policy.
According to the Financial Services Authority, a claim is a request for compensation from the insured, to the insurer in accordance with the insured loss under the policy. So if the insured risk occurs, then as the Insured or Heirs can submit a claim to Intra Asia as the Insurer.