March 10, 2020

With the recent technological advancements, it has become easier than ever to purchase a health insurance policy. You don’t have to continue with the hassle of visiting an insurance company and get in touch with an agent in order to buy one. With just the click of a button, you can complete all the formalities online. On the contrary, with such an ease of use, people are finding it hard to understand, which insurance policy will work best for them.

If you are buying your Health Insurance Policy from an agent, chances are that they might explain all the important terminologies associated with the insurance policy. But if you are going to opt for the same from an online website, it is very important to become vigilant and make your purchase according.

The harsh reality

Truth to be told, the majority of us doesn’t even bother to read the entire terms and conditions that are put forward to us, through the insurance company. Be it a life insurance, health insurance, travel insurance or even health insurance policy, we just sign off without even having a proper glance through all the numbers. One of the major concerns regarding such, we might end up choosing the wrong insurance policy without even realizing it.

Our inability to understand the importance of the situation comes from the time and effort that one needs to put forward for further research. Now, one might argue that it is completely ok not to know about the conditions applied in the first place, but the same can haunt us in the coming unforeseeable future while making the claim. That is exactly why it is very important to know at least some of the basic terms that are associated with the insurance policy. We have jotted down the points below in order to create awareness among the policy holders for making a smarter choice.

Top ten health insurance policies related terms that everyone should know about:

1) Policy holder

Policy holder is generally defined as the individual, under whose name the policy is being registered. In other terms, a policy holder can also be defined as the person whose name is there in the official records. But, under several circumstances, the policy holder might not be the person whose life is being insured. Take for example- you can always opt for a life insurance for your wife, in which case, you shall be deemed as the policy holder while your wife is the person whose life shall be insured.

2) Assignment

An assignment is termed as the circumstance where the entire insurance policy is transferred from the policy holder to a completely different individual. In most of the cases, such assignments are exercised where the policy holder opts for a load with the life insurance being the collateral. During such practices, once the assignment is completed, the new policy holder can avail all the benefits once the life insurance policy holder passes away.

3) Nominee

Nominee is perhaps one of the most common terms you have ever come across. In case of life insurance, a nominee is defined as the individual, who shall avail all the benefits of life insurance, after the demise of the policy holder.

4) Beneficiary

Beneficiary is someone who you may or may not consider as a nominee. The term beneficiary is often associated with the with regards to monetary interest with the policy holder. A beneficiary can also be certain someone who is the legal heir of the organization to whom actually the policy holder owes money.

5) Claim

The instance where the insurance company needs to pay the assured money to the policy holder/ nominee is often termed as a claim. According to the variation of the situation, the amount of claim tends to change.

6) Coverage

Every insurance policy is bound to protect their policy holder from certain life assurances. Such assurances could range from protection against certain ailments, accidents, and even long term lie covers. The coverage always varies according to the life insurance company and their terms and conditions.

7) Exclusions

Just like a life insurance plan is bound to save your life with certain coverage, the same can be applied for the instances where it fails to do. Exclusion for an insurance policy can be defined as the situations where the life insurance policy will not pay the policy holder or the nominee, with the claim. One such instance is suicide. During such instance, the assured individual is not paid any benefits.

8) Premium

In order to avail the benefits of a health insurance, you need to pay a certain amount every month/quarter/year. This is known as a premium. The premium varies according to the age, duration and total amount assured to the policy holder. Before you opt for a health insurance policy, make sure to check out the premium that needs to be paid and where you can afford the same or not.

9) Maturity/ Death Benefits

The maturity or death benefit can be termed as the overall sum that is provided after the completion of the entire insurance policy. Now keep in mind, not all the insurance policies provide a maturity benefit. You can also opt for a health insurance plan which only provides death benefits after the demise of the policy holder.

10) Rider

There are several instances where an individual can choose to opt for further protections from their insurance policy as compared to that of their base plan. This is what, commonly defined as rider. The rider is nothing by an add on which is provided by the insurer. Now, according to your insurance provider, the rider can drastically vary.

Bottom Line

Once you get a clear understanding of all the various health insurance policies buzzwords, you can easily create the perfect plan for yourself to get the insurance policy that works best for you and fits your budget. Just remember, there is always a trade-off between lower costs and higher coverage amount. Always choose wisely, and your decision will pay off in the future.

What are Windows drivers? One can look at this question in a few different ways. The most concise answer would come from a practical standpoint. Windows drivers are small compiled libraries of computer code that tie into the underlying operating system. When Windows sees hardware it looks for instructions on how to use them.

To go with the library metaphor, one could think of the driver file as the volume on a shelf. The data within that volume would, in a library, be step by step instructions. But in Windows drivers it’s compiled functions written in computer code. This might code for what to do if a button has been pressed on a mouse. Or it could relate to something more complex.

All of that is also the beauty of a driver. Like a well-indexed library it takes very complicated things and simplifies how one relates to it all. However, that does leave a question hanging. Earlier on a question was raised about what a driver is. This is a technical explanation. But there’s a more important real-world description to be found.

A more real-world description of computer drivers is that it’s something that makes operating systems easy to use. Windows often automate the process. And one can divide drivers under windows into two categories. There are specialty drivers and common automatic windows drivers. Specialty drivers are associated with more exotic hardware. The best example of this type of driver can be found with video card manufacturers. Video cards are one of the single most competitive fields in computing. The only area that’s arguable as fast-paced is that of processor development. But processors work toward a standard with the very foundation of computers. This means that they don’t typically need any real driver support. They deal with the BIOS, which is a similar but still distinct topic.

Graphics drivers, on the other hand, do work through the standard driver methodology. What’s not so standard about them is how they’re managed. Graphics drivers usually rely on installers developed by the graphics card manufacturer. It’s one of those situations where it can look odd when examined directly. But it’s been the standard for so long that most people just consider it the everyday reality for how advanced graphics drivers are handled in Windows.

However, the real common everyday reality of Windows driver support is much closer to the ideal. Earlier on a reference was made to the fact that Windows can automatically update or install some drivers. What happens in these cases is that Windows notices new hardware and it searches the local installation base for compatible drivers. If it can’t find those drivers than it’ll make a note of that fact. For example, the hardware manager will have a question mark on that item. One can tell windows to go online to look for drivers. One goes to settings in the start menu. From there one chooses Updates and Security. From here one goes to Windows Update. Finally, one only has to push the Check for updates button. Windows will search a central database for any drivers and install those it finds.

The only problem there is that Microsoft is working on quite a few things at the same time. There’s a huge amount of hardware out there and Microsoft is only one company. They’re a huge company, but anyone who needs to serve as a jack of all trades will have difficulty perfecting all of them. This is why many people prefer to augment that automatic update system with third party automatic update services. This type of automated update service can even handle a lot of the more niche hardware situations.

10 Terms Related To Health Insurance Policies You Should Know About

Common Automatic Windows Drivers

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