At an internationally owned company in Hungary, group insurance lives in two languages: the contract in Hungarian, the report to the parent company in English. This mini dictionary speeds up the translation between the two worlds: 30 term pairs that turn a Hungarian offer into an English benefits report – and your English questions into the right Hungarian words.
The dictionary – 30 term pairs
| English | Hungarian | In one sentence |
|---|---|---|
| accidental death | baleseti halál | a fixed sum paid if death results from an accident, typically on top of the general death benefit |
| age profile | korfa, korösszetétel | the team's age distribution; together with headcount, one of the two data points quotes depend on most |
| beneficiary | kedvezményezett | the person entitled to the payout, named by the insured – decisive for the death benefit |
| bone fracture benefit | csonttörés-térítés | a fixed amount per fracture; in practice one of the most frequently paid benefits |
| broker | (független) biztosítási alkusz | an independent intermediary who compares several insurers' offers and represents the client, not an insurer |
| claim | szolgáltatási igény, kárigény | the request for a payout, filed by the entitled person on the insurer's own channel |
| critical illness cover | kritikusbetegség-fedezet | a larger lump sum paid on the serious diagnoses listed in the conditions |
| death benefit | haláleseti szolgáltatás | the fixed sum paid to the beneficiary if the insured dies |
| exclusion | kizárás | a situation or cause the insurer does not pay for – explained in plain words here |
| fixed-sum insurance | összegbiztosítás | insurance that pays a pre-agreed amount – it gives money, it does not arrange care |
| free cover limit | egyéni kockázatelbírálás nélküli összeghatár | the sum up to which typically no individual medical underwriting is required |
| grace period | (díjfizetési) türelmi idő | the period after a missed premium during which the cover typically still stands |
| group life insurance | csoportos életbiztosítás | life cover taken out by the company for a defined group of employees, under one contract |
| group personal accident insurance | csoportos balesetbiztosítás | accident cover for the team under one company contract |
| headcount | létszám | the number of insured colleagues; the base figure of every quote |
| hospital daily benefit | kórházi napi térítés | a fixed amount for each day spent in hospital, as set in the conditions |
| incapacity for work | keresőképtelenség | a doctor-certified inability to work due to illness or accident – "sick leave" in everyday HR language |
| indexation | indexálás, értékkövetés | the annual adjustment of sums and premium so the cover keeps its value |
| insured (person) | biztosított | the person whose life and health the cover applies to – here, the employee |
| loss ratio | kárhányad | claims paid versus premiums paid; a background figure in renewal pricing |
| permanent disability | maradandó egészségkárosodás (baleseti rokkantság) | lasting impairment after an accident, compensated in proportion to its degree |
| policy anniversary | biztosítási évforduló | the contract's yearly renewal date: review, indexation, adjustments |
| policy wording | szerződési feltételek | the conditions document that ultimately governs what is paid, and when |
| policyholder | szerződő | the party that signs the contract and pays the premium – in group insurance, the company |
| premium | biztosítási díj | the price of the cover, paid by the company |
| sum insured | biztosítási összeg | the fixed amount the insurer pays when the given insured event occurs |
| surgery benefit | műtéti térítés | a fixed amount when the insured undergoes an operation, typically by severity category |
| tier / benefit level | szint (munkatársi, vezetői) | different-sized packages within one contract, for example staff and executive levels |
| underwriting | kockázatelbírálás | the insurer's risk assessment; in group schemes typically none per person up to a set limit |
| waiting period | várakozási idő | the initial period during which some benefits are not yet payable |
Usage notes
Three things are worth knowing about the pairs. One: the translation is indicative – in insurers' own English materials several expressions can appear for the same concept ("benefit" sometimes means the payout, sometimes the perk), and in a dispute the Hungarian policy wording governs. Two: "fixed-sum insurance" is the key distinction towards a parent company: this product pays money, it does not arrange care – you can read about service-financing cover on our sister site, egeszseg.biz. Three: the "free cover limit" is the essence of the group logic: up to that sum there is typically no individual underwriting. And a practical note on the "claim" row: whatever the HQ report calls it, in Hungary the claim is always filed by the entitled person, on the insurer's own channel – towards HQ, the payout statistics are typically the relevant data.
Who is it for, and what for?
Above all for HR professionals at internationally owned companies: HQ reports, English-language benefit policies, presenting Hungarian offers – in organisations working across several countries and several sites, this is a weekly routine. If you also want to refresh what is behind the terms, basic terms in minutes is the quick introduction, and the practical aids are collected on the Resources page. The sheet also earns its keep when a foreign manager takes over the Hungarian organisation: a dictionary like this in the welcome pack beats a long explanation. Discussions with international management I am happy to hold in English directly – and on request, I also summarise the most important Insights articles in Hungarian, handy when you share material with Hungarian colleagues.
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