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Insurance policy |
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Insurance policyThe document which specifies the details and conditions of cover of an insurance contract together with the premium payable.Insurance policyA contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy.Insurance policy Similar MatchesGroup insuranceGroup insuranceInsurance coverage for a group, which can usually be obtained at a cheaper rate than insurance for an individual. Renewable term life insuranceRenewable term life insuranceA policy for a stated period that may be renewed if desired at the end of the term. Buildings insuranceBuildings insuranceInsurance which covers the policyholder against certain building losses or damages which may occur. The insurers will usually specify a maximum claim limit (the sum insured) which is the full rebuilding cost of the home. It is the owner's responsibility to ensure the sum insured is correct and to regularly update this cover, and failure to do so may invalidate the policy. Whole life insuranceWhole life insuranceIn the US, a life insurance policy, with level premiums, which provides a stated benefit on the death of the life insured and a savings element which accumulates a cash value. The dividends or interest are allowed to build up tax-deferred. The insured is able to redeem the cash value or borrow against it in what is known as a policy loan. Any part of a loan which is unpaid at the death of the insured is deducted from the face value. Private medical insurancePrivate medical insuranceAn insurance policy which provides cover for the cost of private medical treatment. The policy may be taken out personally or individuals may benefit from a company-wide policy taken out by their employer. Further SuggestionsBlanket insurance policyGuaranteed replacement cost coverage insurance convertible term insurance Insurance broker deposit insurance Federal Deposit Insurance Corporation (FDIC) wedding insurance indemnity insurance casualty insurance Interest sensitive insurance policy first death insurance Municipal bond insurance Mortgage payment protection insurance (MPPI) motor insurance disability income insurance Guaranteed renewable policy insurance Buildings insurance Letting insurance executive insurance National Insurance (NI) Basic Pension Mortgage Life Insurance Marine Cargo Insurance Payment protection insurance Insurance settlement personal accident and sickness insurance |
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