life insurance: insurance that pays out a sum of money either on the death of the insured person or after a set period.

travel insurance: insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or within one's own country.

assessor: a person who calculates the value of something [eg: a building, car etc]

claim: an application for payment under an insurance policy - to make a claim v.

insurance broker: agent who arranges insurance; middleman between insurer & policyholder