Multiple indemnity

{
  "id": "MLC-T-INS-002254",
  "term": "Multiple indemnity",
  "field": "Insurance and risk management",
  "definition": "A provision in a life insurance policy that increases the death benefit payable if the insured's death results from a specific, accidental cause. This clause provides for the payment of a sum that is a multiple (e.g., double or triple) of the policy's face amount under defined circumstances. It applies only to accidental deaths and does not cover deaths from natural causes or illness.",
  "url": "https://mlchart.com/terminology/insurance/multiple-indemnity/"
}