In different types of insurance, acronyms are commonly used to simplify communication and documentation. However, these acronyms can often be confusing, as they may have multiple meanings in different contexts. To help you navigate the insurance landscape, we have compiled a comprehensive list of acronyms and their full forms used in the insurance sector in India.
| Short Name | Full Form / Meaning |
| PPT Full Form in Insurance | Premium Paying Term |
| POSP Full Form in Insurance | Point of Sales Person |
| TPA Full Form in Insurance | Third Party Administrator |
| NCB Full Form in Insurance | No Claim Bonus |
| ULIP Full Form in Insurance | Unit Linked Insurance Plan |
| GWP Full Form in Insurance | Gross Written Premium |
| IDV Full Form in Insurance | Insured Declared Value |
| CPA Full Form in Insurance | Compulsory Personal Accident |
| GMC Full Form in Insurance | Group Medical Coverage |
| IRDA Full Form in Insurance | Insurance Regulatory and Development Authority |
| IRDAI Full Form in Insurance | Insurance Regulatory and Development Authority of India |
| IGMS Full Form in Insurance | Integrated Grievance Management System aka Bima Bharosa System |
| GPA Full Form in Insurance | Group Personal Accident |
| MDRT Full Form in Insurance | Million Dollar Round Table |
| OD Full Form in Insurance | Own Damage |
| PTD Full Form in Insurance | Permanent Total Disability |
| STFI Full Form in Insurance | Storm, Tempest, Flood and Inundation. |
| WRP Full Form in Insurance | Weighted Received Premium |
| AML Full Form in Insurance | Anti-Money Laundering |
| GIC Full Form in Insurance | General Insurance Corporation of India |
| COT Full Form in Insurance | Court of the Table |
| IIB Full Form in Insurance | Insurance Information Bureau of India |
| ECS Full Form in Insurance | Electronic Clearing Service |
| NOP Full Form in Insurance | Net Operating Profit |
| TP Full Form in Insurance | Third-party insurance. |
| MWP Full Form in Insurance | Married Women’s Property act. |
| PPN Full Form in Insurance | Preferred Provider Network |
| WPC Full Form in Insurance | With Profits Committee |
| FPR Full Form in Insurance | First Premium Receipt. |
| BWRP Full Form in Insurance | Body Weight Reduction Program |
| EIA Full Form in Insurance | e-Insurance Account. |
| GTL Full Form in Insurance | Group Term Life |
| PYP Full Form in Insurance | Previous Year’s Policy |
| HLV Full Form in Insurance | Human Life Value |
| FLS Full Form in Insurance | Front Line Sales. |
| WFYP Full Form in Insurance | Weighted First Year Premium |
| APE Full Form in Insurance | Annual Premium Equivalent. |
| PIVC Full Form in Insurance | Pre-Issuance Verification call |
| IMF Full Form in Insurance | Insurance Marketing Firm |
| IRR Full Form in Insurance | Internal Rate of Return |
| PPD Full Form in Insurance | Permanent Total Disability. |
| PED Full Form in Insurance | Pre-existing diseases |
| COI Full Form in Insurance | Certificate of Insurance |
| FTR Full Form in Insurance | financial transaction request |
| GCV Full Form in Insurance | Goods Carrying Vehicles |
| DOGH Full Form in Insurance | Declaration of Good Health |
| FTD Full Form in Insurance | First to Die. |
| PA Full Form in Insurance | Personal Accident Insurance. |
| RSA Full Form in Insurance | Roadside Assistance |
| IBNR Full Form in Insurance | incurred but not reported |
| RTI Full Form in Insurance | Return to Invoice |
| RSMD Full Form in Insurance | Riot, Strike, and Malicious Damage. |
| ICR Full Form in Insurance | Incurred Claim Ratio |
| TOT Full Form in Insurance | Top of the Table. |
| PASA Full Form in Insurance | pre pre-approved sum assured insurance plan |
| CTL Full Form in Insurance | constructive total loss |
| IC Full Form in Insurance | Insurance Company |
| OPD Full Form in Insurance | outpatient department |
| BOP Full Form in Insurance | business owner’s policy |
| ARDM Full Form in Insurance | Associate Recruitment and Development Manager. |
| TAT Full Form in Insurance | Turnaround time. |
| POS Full Form in Insurance | Point of Service. |
| ROP Full Form in Insurance | Return of Premium |
| IMT Full Form in Insurance | India Motor Tariff |
| CGL Full Form in Insurance | Commercial General Liability |
| PCCV Full Form in Insurance | Passengers Carrying Commercial Vehicles. |
| EPI Full Form in Insurance | Estimated Premium Income |
| STP Full Form in Insurance | straight through processing. |
| EP Full Form in Insurance | Earned Premium |
| GCCV Full Form in Insurance | Goods Carrying Commercial Vehicles. |
| IDB Full Form in Insurance | Inter-dealer Brokers |
| PUC Full Form in Insurance | Pollution under control certificate. |
| PCV Full Form in Insurance | Passenger Carrying Vehicle Insurance |
| PCVC Full Form in Insurance | Professional Comprehensive Valuation Certificate |
| SHP Full Form in Insurance | supplemental health plan |
| SI Full Form in Insurance | Sum Insured |
| SME Full Form in Insurance | Small- and Medium-Sized Enterprise Insurance. |
| SP Full Form in Insurance | Single Premium. |
| URN Full Form in Insurance | Unique Reference Number. |
| TBA Full Form in Insurance | To Be Announced |
| AAA Full Form in Insurance | Analytical and Actuarial Associates |
| TAC Full Form in Insurance | Tariff Advisory Committee. |
| FSP Full Form in Insurance | Financial Stability Plan |
| GRO Full Form in Insurance | Grievance Redressal Officer. |
| DSF Full Form in Insurance | Direct Sales Force |
| MBD Full Form in Insurance | Machinery Breakdown Insurance. |
| TPD Full Form in Insurance | Total and Permanent Disability |
| TTD Full Form in Insurance | Temporary Total Disability. |
| WC Full Form in Insurance | Workmen’s compensation |
| MIB Full Form in Insurance | Medical Information Bureau. |
| DAB Full Form in Insurance | Double Accident Benefit |
| OEM Full Form in Insurance | Original Equipment Manufacturer Insurance |
| BI Full Form in Insurance | Bodily Injury |