Maximum plan limits

Term · Insurance and risk management · MLC-T-INS-002147

The highest amount that an insurance plan will pay for covered services or benefits over a specified period, such as a year or a lifetime. These limits can apply to individual services, specific conditions, or the total amount paid out under the policy. Once the maximum limit is reached, the insured is responsible for all further costs.

Table 1. Record
Identifier	MLC-T-INS-002147
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002147",
  "term": "Maximum plan limits",
  "field": "Insurance and risk management",
  "definition": "The highest amount that an insurance plan will pay for covered services or benefits over a specified period, such as a year or a lifetime. These limits can apply to individual services, specific conditions, or the total amount paid out under the policy. Once the maximum limit is reached, the insured is responsible for all further costs.",
  "url": "https://mlchart.com/terminology/insurance/maximum-plan-limits/"
}

Record 2,103 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.