The phrase "renewal period" refers to a specific period of time when something is being extended or refreshed. It can refer to renewing a contract, subscription, or license before it expires. Full definition
It is also aligned with the movement of 40 state licensure systems to a five - year renewal period. (nbpts.org)
The maximum renewal period for most policies is typically between 6 months and 3 years, depending on the policy purchased. (squaremouth.com)
If the policyholder can renew his policy and the rider cover, during the policy renewal period of 2 years as provided from the due date of the first unpaid premium. (policybazaar.com)