赔偿 (Péicháng) - compensation: Refers to the payment or reimbursement made by an insurance company for losses or damages covered under a policy.
自付额 (Zìfù'é) - deductible: Describes the amount of money an insured person must pay out-of-pocket before their insurance coverage starts.
保险理赔 (Bǎoxiǎn lǐpéi) - insurance claim settlement: The process in which an insured person requests compensation from their insurance provider for covered losses or damages.