Glossary of Health Insurance Terms

Updated March 10, 2026

1 min read

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Explore a comprehensive glossary of health insurance terms to understand key concepts, policy features, and common terminology that help you make informed health insurance decisions.

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

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

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L

Long-Term Disability Insurance

Long Term Care Policy

M

Maternity Cover

N

Network

No Claim Bonus

O

OPD Benefit

P

Primary Insured

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

Disclaimer* :- The information provided here is for general awareness only. It does not constitute professional advice. While care has been taken to ensure accuracy, readers are advised to consult a qualified professional before making any decisions.

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