Insurance Benefit means the amount of money payable by the Insurer to the Insured Person and/or health care institution for health care services provided to or products purchased by the Insured Person due to an insured event in accordance with the terms and conditions of the Insurance Contract.

• Defined benefit plans – These plans pay participants a certain amount after they retire. based on years of employment and their salary. • Employee welfare plans or welfare benefit plans – These plans provide medical, health, and hospitalization benefits or income in the event of sickness, accident, or death.

Corporate Benefit Services of America Inc. provides healthcare services. The Company offers claim management, health plans, eligibility administration, healthcare reimbursement, prescription drugs, reporting, and utilization review services.

The health care items or services covered under a health insurance plan. Covered benefits and excluded services are defined in the health insurance plan's coverage documents.