MLchartDataset catalogue

Assured

Term · Insurance and risk management · MLC-T-INS-000482

The individual or entity whose life or property is covered by an insurance policy, and who is entitled to receive the benefits or proceeds upon the occurrence of a covered event. This party is often, but not always, the same as the policyholder who pays the premiums. In life assurance, the assured is the person whose death triggers the policy payout.

Table 1. Record
IdentifierMLC-T-INS-000482
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000482",
  "term": "Assured",
  "field": "Insurance and risk management",
  "definition": "The individual or entity whose life or property is covered by an insurance policy, and who is entitled to receive the benefits or proceeds upon the occurrence of a covered event. This party is often, but not always, the same as the policyholder who pays the premiums. In life assurance, the assured is the person whose death triggers the policy payout.",
  "url": "https://mlchart.com/terminology/insurance/assured/"
}

Record 232 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.