Chapter 11 abbreviations

  • AML Anti Money Laundering
  • AOG Act of God
  • CAR Contractors All Risks Policy
  • CC Cubic Capacity
  • CL Consequential Loss
  • CPM Contractors Plant & Machinery Policy
  • EAR Erection All Risks Policy
  • ECGC Export Credit & Guarantee Corporation
  • GDP Gross Domestic Product
  • GIC General Insurance Corporation
  • HNI High Networth Individual
  • IDV Insured Declared Value
  • IGMS Integrated Grievance Management System
  • IRDAI Insurance Regulatory & Development Authority
  • LIC Life Insurance Corporation
  • MACT Motor Accident Claim Tribunal
  • MB Machinery Breakdown
  • MLOP Machinery Loss Of Profits Policy
  • MV Market Value
  • NBFC Non Banking Financial Company
  • NCB No Claim Bonus
  • PA Personal Accident
  • PED Pre-Existing Disease
  • PPD Permanent Partial Disablement
  • RBI Reserve Bank Of India
  • RIV Reinstatement Value
  • RSMD Riot, Strike, Malicious Damage
  • SEBI Securities & Exchange Board Of India
  • SMES Small & Medium Enterprises
  • STFI Storm, Tempest, Flood And Inundation
  • TAT Turn Around Time
  • TPA Third Party Administrator
  • TTD Temporary Total Disability
  • WC Workmen Compensation
  • WWW World Wide Web
  • ESIS Employees’ State Insurance Scheme
  • PHC Primary Health Centre
  • NBFC Non-Banking Financial Company
  • RSBY Rashtriya Swasthya Bima Yojana
  • ICU Intensive Care Unit
  • RMO Resident Medical Officer
  • OPD Outpatient Department
  • OT Operation Theatre
  • AYUSH Ayurvedic, Yoga, Unani, Siddha, Homeopathy
  • BPL Below Poverty Line
  • PMSBY Pradhan Mantri Suraksha Bima Yojana
  • PTD Permanent Total Disability
  • PPD Permanent Partial Disability
  • TTD Temporary Total Disability
  • MOU Memorandum Of Understanding
  • WHO World Health Organisation
  • NGO Non Government Organization
  • PSU Public Sector Undertaking
  • INR Indian Rupee
  • HRD Human Resource Development
Test your knowledge!
Answer these questions real quick and check your score
What does the term TPA stand for?
What is the full form of the term PED?
In insurance terms, what does STFI stand for?
This term refers to the value for which the vehicle is insured and represents the maximum liability of the insurance company in the event of total loss. Which of the following terms is it?
An insured faced a total loss of eyesight after an accident. Which of these terms refers to this condition?
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4/6