Useful when you read a policy in a language other than your own, or talk to someone who uses other words.
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Premium
ΕΛ Ασφάλιστρο RU Страховая премия (взнос)
The amount you pay the insurer for the cover, monthly, yearly or as the policy sets.
Sum insured
ΕΛ Ποσό ασφάλισης (ασφαλιζόμενο κεφάλαιο) RU Страховая сумма
The most the policy can pay for a cover.
Excess (deductible)
ΕΛ Απαλλασσόμενο ποσό RU Франшиза
The part of each loss you pay yourself before the insurer pays.
Co-insurance (co-payment)
ΕΛ Συμμετοχή (συνασφάλιση) RU Соплатёж (сострахование)
A share of the cost you pay on each claim, usually in health plans.
Beneficiary
ΕΛ Δικαιούχος RU Выгодоприобретатель
The person who receives the money from a life policy when the insured person dies.
Policyholder and insured person
ΕΛ Αντισυμβαλλόμενος και ασφαλισμένος RU Страхователь и застрахованный
The policyholder signs and pays for the policy; the insured person is the one covered. They can be the same person or two different people.
Exclusion
ΕΛ Εξαίρεση RU Исключение
Something the policy does not cover, as written in the terms.
Waiting period
ΕΛ Περίοδος αναμονής RU Период ожидания
The time from the start of the policy, or from an event, before a cover starts to pay.
Pre-existing condition
ΕΛ Προϋπάρχουσα πάθηση RU Ранее существовавшее заболевание
A health problem you had before the policy started; it may be excluded or covered on conditions. It is declared honestly on the application.
Rider (add-on cover)
ΕΛ Πρόσθετη κάλυψη RU Дополнительное покрытие (райдер)
A cover added to a main policy, for example critical illness on a life policy.
Surrender value
ΕΛ Αξία εξαγοράς RU Выкупная сумма
The money a savings policy pays back if you stop it early; often less than you paid in the early years.
Grace period
ΕΛ Περίοδος χάριτος RU Льготный период
The time after a premium is due during which you can still pay without the cover stopping, as the policy sets.
Indexation
ΕΛ Τιμαριθμική αναπροσαρμογή RU Индексация
A yearly increase of the sum insured and the premium, so the cover keeps its value against inflation.
Claim
ΕΛ Απαίτηση (αποζημίωση) RU Страховое требование (заявление об убытке)
Your request to the insurer to pay for something that happened.
Loss adjuster
ΕΛ Πραγματογνώμονας RU Аварийный комиссар (оценщик убытков)
A specialist who examines a loss for the insurer and assesses its cost.
Under-insurance (average)
ΕΛ Υπασφάλιση (αναλογικός κανόνας) RU Недострахование (пропорциональная выплата)
When the sum insured is lower than the real value; after a loss the payment can be cut in the same proportion.
Third-party liability
ΕΛ Ευθύνη έναντι τρίτων RU Ответственность перед третьими лицами
Cover for what you owe other people for damage or injury you caused.
Comprehensive car cover
ΕΛ Πλήρης κάλυψη αυτοκινήτου RU Полное автострахование (каско)
Insurance that also covers damage to your own vehicle, on top of third-party liability.
No-claims discount
ΕΛ Έκπτωση μη απαίτησης RU Скидка за безаварийность
A lower car premium for the years without a claim.
Assignment of a policy
ΕΛ Εκχώρηση συμβολαίου RU Переуступка полиса (в пользу банка)
When the money from a policy (for example life or fire cover) goes first to the bank that gave the loan.
GESY
ΕΛ ΓεΣΥ RU GESY (Всеобщая система здравоохранения)
Cyprus’ General Healthcare System: care through a personal doctor, specialists with a referral and the hospitals that take part.
Personal doctor
ΕΛ Προσωπικός ιατρός RU Личный врач
The GESY doctor you choose, who gives referrals to specialists and for tests.
Term life insurance
ΕΛ Ασφάλεια ζωής ορισμένου χρόνου RU Срочное страхование жизни
Pays a lump sum if the insured person dies within a set number of years; if not, it ends with nothing paid back.
Critical illness
ΕΛ Σοβαρές ασθένειες RU Критические заболевания
Cover that pays a lump sum on diagnosis of a condition on the policy’s list.
Income protection
ΕΛ Απώλεια εισοδήματος RU Защита дохода
Cover that pays a regular amount when you cannot work because of illness or an accident.
Group plan
ΕΛ Ομαδικό σχέδιο RU Групповая программа
Insurance an employer arranges for its staff; it usually stops when you leave the job.
Insurance intermediary
ΕΛ Ασφαλιστικός διαμεσολαβητής RU Страховой посредник
A person registered to advise on and propose insurance, for life or general business. Their registration number can be checked.
Financial Ombudsman
ΕΛ Χρηματοοικονομικός Επίτροπος RU Финансовый омбудсмен
An independent body in Cyprus you can turn to in a dispute with an insurer, after first complaining to the insurer itself.
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This page is information, not advice or a recommendation of a specific product. Cover, limits and exclusions are set by the terms of each policy. For general insurance, speak to an insurance intermediary registered for general business or to your insurer. AVRASTRO is not an insurer.