Guaranteed renewable policy


 

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Guaranteed renewable policy

An insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates.



Similar Matches

Guaranteed insurability

Guaranteed insurability

A life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed-upon rates regardless of health conditions.


Guaranteed death benefit

Guaranteed death benefit

A life policy in which there is a minimum sum payable on the death of the life assured.


Guaranteed sum assured

Guaranteed sum assured

A term used by some life companies which refers to the minimum sum payable by a life policy either on the death of the life assured or on maturity.


Guaranteed replacement cost coverage insurance

Guaranteed replacement cost coverage insurance

A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.


Guaranteed death benefit

Guaranteed death benefit

Policies where the company will pay out a certain amount when you die.


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Guaranteed renewable policy insurance
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