12:05 Jan 28, 2016 |
English to Chinese translations [PRO] Insurance | |||||||
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| Selected response from: Jacky Ye China Local time: 04:11 | ||||||
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4 | 等待期/免责期/剔除期 |
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等待期/免责期/剔除期 Explanation: Elimination period is a term used in insurance to refer to the time period between an injury and the receipt of benefit payments. In other words, it is the length of time between the beginning of an injury or illness and receiving benefit payments from an insurer. It is sometimes referred to as a 'waiting' or 'qualifying' period. Before benefits are paid, most insurance policies require that a policyholder qualify for the elimination period. This means that the policies require the party asking for payments to be injured, ill or disabled during this period. Read more: What is an elimination period? | Investopedia http://www.investopedia.com/ask/answers/09/elimination-perio... |
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