MLchartDataset catalogue

Fixed benefit

Term · Insurance and risk management · MLC-T-INS-001536

A predetermined amount of money paid to a policyholder or beneficiary upon the occurrence of a specific insured event, regardless of the actual expenses incurred. This type of benefit is common in life insurance, accidental death and dismemberment policies, and some health insurance plans. The payout amount is established when the policy is issued.

Table 1. Record
IdentifierMLC-T-INS-001536
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001536",
  "term": "Fixed benefit",
  "field": "Insurance and risk management",
  "definition": "A predetermined amount of money paid to a policyholder or beneficiary upon the occurrence of a specific insured event, regardless of the actual expenses incurred. This type of benefit is common in life insurance, accidental death and dismemberment policies, and some health insurance plans. The payout amount is established when the policy is issued.",
  "url": "https://mlchart.com/terminology/insurance/fixed-benefit/"
}

Record 1,416 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.