Sentences with phrase «with guaranteed renewability»

You can take a level term life insurance with a guaranteed renewability clause.

This policy comes with guaranteed renewability, but only covers insureds through age 80.

Not exact matches

A renewability feature, perhaps the most important feature associated with term policies, guarantees that the insured can renew the policy for a limited number of years (i.e., a term between five and 30 years) based on attained age.

b. Option to Convert - this is similar to the renewability with the sense that it will give you the ability to convert your term policy on guaranteed basis to one of the companies permanent life insurance options should your situation change and your health is no longer similar to what it was when your first applied.

The largest difference between private sector health insurance and life insurance is that for life insurance, a person may purchase guaranteed renewable insurance for the whole of the insured's life at a constant premium rate, while health insurance is generally purchased year by year with generally no assurance of renewability and if renewable no guarantee that premium rates will not increase.

A very significant change in the evolution of Health Insurance in India was brought about in October 2013, with the introduction of the Guaranteed Renewability of Health Insurance Policies in India for life with continuity benefits.