MLchartDataset catalogue

Menu-driven policy

Term · Insurance and risk management · MLC-T-INS-002177

An insurance policy structure that allows the policyholder to select from a range of optional coverages and limits to customize their protection. This approach provides flexibility, enabling individuals or businesses to tailor their insurance to specific needs and budgets. It contrasts with package policies that offer a fixed set of coverages.

Table 1. Record
IdentifierMLC-T-INS-002177
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002177",
  "term": "Menu-driven policy",
  "field": "Insurance and risk management",
  "definition": "An insurance policy structure that allows the policyholder to select from a range of optional coverages and limits to customize their protection. This approach provides flexibility, enabling individuals or businesses to tailor their insurance to specific needs and budgets. It contrasts with package policies that offer a fixed set of coverages.",
  "url": "https://mlchart.com/terminology/insurance/menu-driven-policy/"
}

Record 2,158 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.