Compensation for loss and other services provided by insurers under terms of insurance contracts.
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MEDICAL,USA,REFERENCE: See: benefit package , benefit products , and Social Security benefits .
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US: The amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage.
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The financial reimbursement and other services provided insured by insurers under the terms of an insurance contract such as benefits as prescribed by the Employees Compensation Act.