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Phrases with «policy reinstatement»

Policy reinstatement refers to the process of renewing or reactivating an insurance policy that has lapsed or been canceled due to non-payment or other reasons. It allows the policyholder to continue the coverage without having to reapply or purchase a new policy. Full definition

Related phrases

Sentences with «policy reinstatement»

  • If the person insured commits suicide within one year of policy reinstatement when the revival has been done within six months from the date of discontinuance the Death Benefit is paid to the nominee.. (policybazaar.com)
  • Lapsed Policy Reinstatement: If the premium due remains unpaid by the end of the grace period, the policy gets lapsed and no life cover will be provided to you during lapse period. (coverfox.com)
  • If the person insured commits suicide within one year of policy reinstatement when the revival has been done after six months from the date of discontinuance, the Fund Value is paid to the nominee (policybazaar.com)
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