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 Glossary   >   G   >   "Guaranteed renewable policy" Definition   

        Guaranteed renewable policy

An insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates.

Guaranteed renewable policy


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Guaranteed renewable policy - An insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates.


Guaranteed renewable policy : an insurance policy which is guaranteed renewable provided premiums are paid. the policy conditions remain unchanged although the insurers may review premium rates.