Health Insurance
NHIS stands for
What is the National Health Insurance Scheme?
Benefit an insurance company gives to the beneficiary upon a policyholder's death
What is the death benefit?
Insurance that covers damages caused by natural disasters
What is hazard insurance?
The minimum legal requirement for motor insurance in Jamaica.
What is third-party liability insurance?
Type of insurance that provides coverage for damage or loss of cargo transit by sea.
What is marine insurance?
Jamaican agency is responsible for administering the NHIS
What is the Ministry of Health and Wellness?
Type of insurance that provides coverage for a specific period of time
What is Life Insurance?
Insurance that protects against loss or damage to the contents of a home
What is personal property insurance?
Type of motor insurance that provides coverage for damage to your own vehicle in addition to third-party liability coverage.
What is comprehensive insurance?
This organization is responsible for regulating the insurance industry, including marine insurance
What is the Financial Services Commission?
The percentage of Jamaica's population covered by the NHIS
What is 20%?
The title is given to a person or entity that receives the death benefit from a life insurance policy.
What is a beneficiary?
Type of property insurance that provides coverage for injuries or damages that occur on your property.
What is liability insurance?
The maximum amount an insurer will pay out in the event of a claim under third-party liability insurance.
What is J$5 million?
This type of insurance covers the cost of removing sunken vessels from the water.
What is salvage insurance?
Two types of medical services that are covered by the NHIS in Jamaica
What are doctor visits?
What is hospitalization?
What are diagnostic tests?
What is medication?
This type of life insurance provides coverage for the policyholder's entire lifetime and includes a savings component.
What is whole life insurance?
Amount of money an insurance policyholder is required to pay before the insurance coverage begins.
What is the deductible?
Insurance that provides coverage for damage to your own vehicle, but not for third-party liability.
What is collision insurance?
The term that refers to the maximum amount an insurer will pay out for a covered loss under a marine insurance policy.
What is the limit of liability?
Three groups of Jamaicans are eligible for free healthcare services under the NHIS
What are children under 18?
What are senior citizens over 60
What are pregnant women?
The maximum age an individual can apply for a new life insurance policy in Jamaica.
What is age 70?
Coverage that provides financial protection against losses
What is theft insurance?
Two factors determine the cost of motor insurance premiums.
What is the value of the vehicle?
What is the driver's age?
This clause in a marine insurance policy allows for the suspension of coverage during periods of war and similar events.
What is the "war and strikes" clause?