Insurance (0)

INSURANCE
Insurance- is protection against possible ginance losses
Insurance premiums- regular payments , that individuals, comp and org can make.
Insurance policy - a contract with insurance company. The contract promises that the company will pay if you suffer loss on damage to property , or sickness or personal injury.
Insurer- is a insurance company. You make a contract with.
Insure against- to protect you from.. . * theft - someone stealing their goods or possessions(omamine, haldus) * damage from fire or other natural disasters (floods, hurricanes, earthquakes)
Make a claim - if the property is stolen or damaged, the perso who is isured makes a claim- reguests compensation - from the insurer.
Indemnify or compensate- hüvitus- to pay an amount of money equivalent to the loss.
Equivalent- võrdväärne
Insurance brokers- kindl maakler- people who searched for insurance at the lowest cost
Agents - people working for the insurance company
Retail banking- jaepangandus
Sold direct - otsemüük- by telephone or on the internet . This can be cheaper than insurance bought over the counter from a broker or an agent.
Life insurance- called assurance- a way to save for the future. Will pay an agreed sum to someone else, for example you husband or wife , if you die before a certain age. You can buy a policy that pays a certain sum of specific date, suhch as when you retire from work .
Tax shelters- (As with pension plans, live insurance policies are tax shelteris or a way to postponing payment of tax. You don´t have to pay income tax on life insurance premiums.
A lump sum- a single , large amount of money paid out when an insurance policy matures- will be taxable.
Insurance companies have to invest the money they recieve from premiums. Like pension funds, they are large isitutional investors that invest huge sum in securites, especially low-risk government bonds.
Lloyd´s of London- the largest insurance market in the world. This is an assiciation of people called underwriters.
Underwriters- people who guarantee to indemnify other people´s possible losses.
Lloyd´spreads (hajutavad) risks among a number of syndicates .
Syndicates- groups of wealthy individuals, commonly known as ´names´. These people can earn a lot of money from insurance premiums if the clients never claim for compensatsion , but they also have unlimited liability or responsibility for losses.
Liability- kohustus.
Reinsurance - company- this is a company that will recive some of premium and also bear or take some of the risk. If insurance companies connsider that they have underwritten too many risks, they can sell some of that risk to a reinsurance company.
Tax haven - maksuvaba ala (haven=port)
Mandatory, compulsory insrance- kohustuslik kindlustus
Voluntary, additional(lisa) insurance- vabatahtlik kindlustus
Varas- thief vargad-thieves vargus-theft
Kindlustust müüakse tel v internetis- insurance is sold by telephone or on the internet
Viis kuidas säästa tulevikuks- a way to save fir a future.
Piiratud vastutus- unlimited liability
Riski võtta- take, bear, to have-a risk
Nõuet esitama- make a claim, place a claim
Riigimaksu maksmist edasi lükkama- postpone payment of tax, put off smth.