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  • Introduction
  • Getting Acquainted with Insurpass API
    • Before you start
    • Access to Insurpass API
    • Environment
    • Authentication
    • Errors
    • Pagination
    • Versioning
  • Know Insurpass' Products
    • Definition of Terms
    • Micro-health Insurance
    • Credit Life Insurance
    • Motor Insurance
    • Parcel Guard Insurance
    • Shop Insurance
    • Group Insurance
    • School Fees Insurance
    • Okada Insurance
    • Keke Insurance
  • Insurpass APi Reference
    • Micro-health Insurance
      • Policy
      • Claim
      • Pharmacy
    • Shop Insurance
      • Shop Insurance Policy
      • Shop Insurance Claims
    • School Fees Insurance
      • School Fees Policy
      • School Fees Claims
    • Keke Insurance
      • Keke Policy
      • Keke Claims
    • Okada Insurance
      • Okada Policy
      • Okada Claims
    • Motor Insurance
      • Comprehensive Motor Insurance
        • Comprehensive Motor Policy
        • Comprehensive Motor Claims
      • Third Party Motor Insurance
        • Third Party Motor Policy
        • Third Party Motor Claims
    • Parcel Guard Insurance
      • Policy
      • Claims
    • Group Insurance
      • Policy
      • Claims
    • Credit Life Insurance
      • Credit Life Policy
      • Credit Life Claims
  • GUIDES
    • Customer Journey Guidebook
      • Micro-health Insurance Flow
        • Claims Flow
        • Pharmacy Treatment Flow
        • User Interface Samples - Micro-health Insurance Plan
        • Issue Management Flow
      • Credit Life Insurance Flow
        • User Interface Samples - Credit Life Plan
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  1. Know Insurpass' Products

Definition of Terms

Product

Beneficiary: is an additional individual(s) that a principal customer wants to add under the insurance plan purchased by the principal customer. These beneficiaries can include family members. Note: a principal customer is only allowed to add up to 3 people as beneficiaries for an insurance plan.

Initiate Token: This is the token sent to the Merchant who uses it to validate a Principal customer's subscription.

Merchant: a merchant is another name for our partners (digital platforms) who are integrating with Insurpass API. It can also be referred to as '3rd Party app'

Policy Number: A unique identification number issued to each customer who has purchased an insurance plan.

Principal Customer: is an individual who is purchasing an insurance plan both for themselves and on behalf of other individuals who would serve as his/her beneficiaries.

Top-up Subscription: This can also be referred to as Renew Subscription or Policy Renewal.

Credit Life insurance

Premium:

The amount paid for the subscription to this insurance plan. This amount can be paid in installments (regular premium) or in full at once (single premium).

Sum assured:

The Sum Assured is the original loan amount/outstanding loan balance taken from the financial institution

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Last updated 3 years ago

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