MLchartDataset catalogue

Return of premium

Term · Insurance and risk management · MLC-T-INS-002944

A policy provision that guarantees the policyholder will receive a refund of some or all of the premiums paid if certain conditions are met, such as surviving to the end of the policy term without making a claim. This feature is often found in life insurance or certain health insurance products. It provides a financial incentive for policyholders.

Table 1. Record
IdentifierMLC-T-INS-002944
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002944",
  "term": "Return of premium",
  "field": "Insurance and risk management",
  "definition": "A policy provision that guarantees the policyholder will receive a refund of some or all of the premiums paid if certain conditions are met, such as surviving to the end of the policy term without making a claim. This feature is often found in life insurance or certain health insurance products. It provides a financial incentive for policyholders.",
  "url": "https://mlchart.com/terminology/insurance/return-of-premium/"
}

Record 3,016 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.