Index clause

{
  "id": "MLC-T-INS-001810",
  "term": "Index clause",
  "field": "Insurance and risk management",
  "definition": "A provision within an insurance policy that links certain policy values, such as the sum insured or the deductible, to an external economic index. This mechanism automatically adjusts these values over time to account for inflation or changes in the cost of living. It maintains the real value of coverage for the policyholder without requiring manual adjustments.",
  "url": "https://mlchart.com/terminology/insurance/index-clause/"
}