Guaranteed Renewable Contract

Guaranteed Renewable Contract,

Guaranteed Renewable Contract:

  1. Definition of Guaranteed Renewable Contract: A contract in which the insured has the right (usually up to a certain age) to extend and renew your health insurance by paying premiums on time.

  2. Guaranteed Renewable Contract means: A renewable guarantee agreement is a type of insurance agreement that guarantees that the policy will not be revoked next year if the next insured has a health problem.

    Coverage Renewal agreements are more related to health, life and disability insurance when the health of the insured has the greatest impact on the risks assumed by the insurers.

  3. Clauses in the insurance policy which give the insurers the right to implement the policy to a large extent by timely payment of premiums, therefore the insurance company is prohibited from changing the unilateral terms of an agreement, provided the agreement exists. In addition to the change in the premium rate for the category of people that the insured person applies.

Literal Meanings of Guaranteed Renewable Contract

Guaranteed:

Meanings of Guaranteed:
  1. For this reason, a guarantee is provided with government insurance.

Renewable:

Meanings of Renewable:
  1. Energy sources that do not preclude the use of water, wind or solar energy.

Sentences of Renewable
  1. The war, which lasts for 30 days, can be extended by mutual agreement

  2. Conversion of fossil fuels to renewable energy

  3. The cost of production for renewable energy is higher than coal, oil or gas

Contract:

Meanings of Contract:
  1. Written or verbal agreements, especially those relating to work, sales or rent, which must be legally enforceable.

  2. Decrease in size, number or rating.

  3. Make a formal and legally binding agreement.

  4. Grip or development (disease or infectious agent)

  5. For duty (loan)

Sentences of Contract
  1. Both parties will have to sign an employment agreement

  2. As it cools, the glass contracts

  3. Local authorities will nominate several agencies to provide services

  4. Three people contracted a deadly virus

  5. قرض 3,300 debt

Synonyms of Contract

pledge, get smaller, compact, become liable to pay, settlement, fall ill with, commitment, acquire, pact, develop, promise, covenant, pick up, be taken ill with, engage, incur, undertake, become infected with, understanding, agreement, fall into

Guaranteed Renewable Contract,

Guaranteed Renewable Contract Definition:

  1. Guaranteed Renewable Contract means, Agreement under which the insured generally has the right to maintain the agreement up to a certain age by paying premium on time. Within the scope of renewable contracts, the insurer reserves the right to change the premium rate in accordance with the insurance class.

Literal Meanings of Guaranteed Renewable Contract

Contract:

Synonyms of Contract

be stricken with, come down with, commit oneself, bond, arrangement, get, shrink, become smaller, succumb to, catch, be struck down with, undertaking