Insurance

วงเงินคุ้มครอง

The maximum amount an insurer will pay for a covered loss under an insurance policy, as specified in the contract terms and conditions.

Quick answer: The maximum amount an insurer will pay for a covered loss under an insurance policy, as specified in the contract terms and conditions.

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Quick answer

The maximum amount an insurer will pay for a covered loss under an insurance policy, as specified in the contract terms and conditions.

Why it matters

วงเงินคุ้มครอง matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Editorial context

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Questions and answers

Questions and answers

What is วงเงินคุ้มครอง?

In this glossary, วงเงินคุ้มครอง refers to: The maximum amount an insurer will pay for a covered loss under an insurance policy, as specified in the contract terms and conditions.

How is วงเงินคุ้มครอง used in finance?

In finance communication, this term appears in contexts such as: "หากความเสียหายเกินวงเงินคุ้มครอง ผู้เอาประกันภัยจะต้องรับผิดชอบในส่วนที่เกินจากจำนวนสูงสุดของกรมธรรม์"

Why does วงเงินคุ้มครอง matter in finance?

วงเงินคุ้มครอง matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Who uses วงเงินคุ้มครอง?

วงเงินคุ้มครอง is mainly used by Financial Analysts, Bankers, and Traders.

What category does วงเงินคุ้มครอง belong to?

In this glossary, วงเงินคุ้มครอง is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.

Where does this definition come from?

This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.

Definition

The maximum amount an insurer will pay for a covered loss under an insurance policy, as specified in the contract terms and conditions.

Operational example

If the damages exceed the coverage limit, the insured is responsible for any amount above the policy’s maximum payout.

Localized term

วงเงินคุ้มครอง

Localized example

หากความเสียหายเกินวงเงินคุ้มครอง ผู้เอาประกันภัยจะต้องรับผิดชอบในส่วนที่เกินจากจำนวนสูงสุดของกรมธรรม์

Definition language

English reference definition

Source

CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

Category

Insurance

Exam relevance

  • CFA
  • ACCA
  • FRM

Target audience

  • Financial Analysts
  • Bankers
  • Traders

Related terms

Use the related links below to continue through connected finance terminology.

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