Noncancellable

Noncancellable,

Definition of Noncancellable:

  1. A policy contract that specifies that the insured may continue coverage by paying the premiums for a specific time frame. During the same time frame, the insurer is prohibited from making changes. The premiums on this type of policy cannot be changed during the term.

Meaning of Noncancellable & Noncancellable Definition

Noncancellable,

Definition of Noncancellable:

  • Noncancellable means, The terms of the agreement, including fees, can never be changed.

Noncancellable,

Noncancellable Definition:

  1. A clause stating that the policyholder has the right to continue the existing contract, to pay the premium stipulated in the contract in a timely manner, while the insurance company has the right to unilaterally change the term of the contract. do not have. . While the agreement is still valid.