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Provident insurance

Arabic translation: تأمين الاحتياط

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Provident insurance
Arabic translation:تأمين الاحتياط

04:25 Feb 14, 2017
    The asker opted for community grading. The question was closed on 2017-02-17 23:55:10 based on peer agreement (or, if there were too few peer comments, asker preference.)


English to Arabic translations [PRO]
Bus/Financial - Insurance / Provident insurance
English term or phrase: Provident insurance
arising from risks which newly arise for the policyholder after taking out the insurance, in accordance with §2 (Provident insurance)


Please don't answer if you aren't sure about it.
S.J
Canada
Local time: 06:51
تأمين الاحتياط
Explanation:
All insurance coverage of persons that may be included in a contract to protect individuals against various hazards likely to reach them.

Provident insurance means "insurance against new perils that must be reported". I spoke with an insurance agent about this type of coverage and the language used with it. Vorsorgeversicherung essentially means that new perils (risks) might be introduced to the insured company that are not covered under the current insurance policy (e.g. a company accepts products from another company with which they previously only had a service relationship). If this risk, i.e. change of relationship from accepting services to accepting products, is not reported within a certain amount of time, they are not covered by insurance. However, in contrast with this, the "provident" aspect of this insurance clause means that the new perils are still covered even if they are not reported before the mandatory report date takes place. It's similar to a grace period. The new risks are not covered if they are not reported after the mandatory report date, but they are covered if they are reported by the mandatory report date. That is Vorsorgeversicherung.
Selected response from:

Khaled Holayel
Egypt
Local time: 12:51
Grading comment
Thanks, good answer
4 KudoZ points were awarded for this answer



Summary of answers provided
5تأمين بروفيدنت
Ahmed Alami
3تأمين الاحتياط
Khaled Holayel


  

Answers


6 hrs   confidence: Answerer confidence 5/5
provident insurance
تأمين بروفيدنت


Explanation:
Provident proper name of an insurance provider

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Note added at 13 hrs (2017-02-14 17:30:22 GMT)
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No, it is capitalized and this is a well-known insurance provider.


    Reference: http://www.providentbenefits.ca/
Ahmed Alami
Morocco
Local time: 11:51
Native speaker of: Native in ArabicArabic
Notes to answerer
Asker: أليس تأميناً احترازياً أو شيئاً من هذا القبيل.؟

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18 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
provident insurance
تأمين الاحتياط


Explanation:
All insurance coverage of persons that may be included in a contract to protect individuals against various hazards likely to reach them.

Provident insurance means "insurance against new perils that must be reported". I spoke with an insurance agent about this type of coverage and the language used with it. Vorsorgeversicherung essentially means that new perils (risks) might be introduced to the insured company that are not covered under the current insurance policy (e.g. a company accepts products from another company with which they previously only had a service relationship). If this risk, i.e. change of relationship from accepting services to accepting products, is not reported within a certain amount of time, they are not covered by insurance. However, in contrast with this, the "provident" aspect of this insurance clause means that the new perils are still covered even if they are not reported before the mandatory report date takes place. It's similar to a grace period. The new risks are not covered if they are not reported after the mandatory report date, but they are covered if they are reported by the mandatory report date. That is Vorsorgeversicherung.



    Reference: http://https://www.cna.dz/index.php/Documentation/Travaux-du...
    Reference: http://www.proz.com/kudoz/german_to_english/insurance/301128...
Khaled Holayel
Egypt
Local time: 12:51
Native speaker of: Native in ArabicArabic
PRO pts in category: 4
Grading comment
Thanks, good answer
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