Noncancellable Guaranteed Renewable Policy

What is Noncancellable Guaranteed Renewable Policy?

Noncancellable Guaranteed Renewable Policy is An individual policy which the insured person has the right to continue to force until a specified age, such as to age 65, by the timely payment of premiums. During this period, the insurer has no right to unilaterally make any changes in any provision of the policy while it is in force.

 

source: –

Tags: