Health Insurance
What is the NIS program?
the National Health Insurance Scheme (NHIS)
What is a death benefit?
This is the term used to describe the payment made by an insurance company to a policyholder beneficiary upon the policyholder's death.
What is a hazard insurance?
Insurance covers damages caused by natural disasters, such as hurricanes and floods.
What is third-party liability insurance?
This is the minimum legal requirement for motor insurance in Jamaica.
What is marine insurance?
This type of insurance provides coverage for damage or loss of cargo transit by sea.
Which Jamaican agency is responsible for administering the NHIS?
The Ministry of Health and Wellness.
What is life insurance?
This is the type of life insurance that provides coverage for a specific period of time, typically 10, 20, or 30 years.
What is personal property insurance?
This type of insurance protects against loss or damage to the contents of a home, such as furniture and electronics.
What is comprehensive insurance?
This type of motor insurance provides coverage for damage to your own vehicle in addition to third-party liability coverage.
What is the Financial Services Commission?
This organization is responsible for regulating the insurance industry, including marine insurance.
What percentage of Jamaica's population is covered by the NHIS?
It is approximately 20%.
What is a beneficiary?
This is the term used to describe the person or entity that is entitled to receive the death benefit from a life insurance policy.
What is liability insurance?
This type of property insurance provides liability coverage for injuries or damages that occur on your property.
What is J$5 million?
This is the maximum amount an insurer will pay out in the event of a claim under third-party liability insurance.
What is salvage insurance?
This type of insurance covers the cost of removing sunken vessels from the water.
Which types of medical services are covered by the NHIS in Jamaica?
They are doctor visits, hospitalization, diagnostic tests, and medication.
What is whole life insurance?
This is the type of life insurance that provides coverage for the policyholder's entire lifetime and includes a savings component.
What is the deductible?
The amount of money an insurance policyholder is required to pay before the insurance coverage kicks in.
What is collision insurance?
This type of motor insurance provides coverage for damage to your own vehicle, but not for third-party liability.
What is the limit of liability?
This term refers to the maximum amount an insurer will pay out for a covered loss under a marine insurance policy.
Which groups of Jamaicans are eligible for free healthcare services under the NHIS?
They are children under 18, senior citizens over 60, and pregnant women.
What is age 70?
This is the maximum age at which an individual can apply for a new life insurance policy in Jamaica.
What is theft insurance?
Coverage that provides financial protection against losses due to theft or vandalism.
What is the value and type of the vehicle, the age and driving history of the driver, and the level of coverage required?
These are the main factor that determines the cost of motor insurance premiums.
What is the "war and strikes" clause?
This clause in a marine insurance policy allows for the suspension of coverage during periods of war and similar events.