Paid-up policy

Paid-up policy,

Definition of Paid-up policy:

  1. An insurance policy that requires no further premium payments be made. This type of policy requires the consumer to pay a premium until a specific date and after that date the policy is considered paid up and still active. The policy cannot be canceled by the insurance company unless the consumer chooses to cancel it.

Meaning of Paid-up policy & Paid-up policy Definition

Paid-up Policy,

What is Paid-up Policy?

  • Insurance policies that do not require a premium are considered fully compensated and are always up to date.

Literal Meanings of Paid-up Policy

Paid:

Meanings of Paid:
  1. Back and forth wages

  2. (Work or leave) during or during payment.

Sentences of Paid
  1. One month vacation

Up:

Meanings of Up:
  1. Posted on a bulletin board or other publicly displayed page.

  2. (Ceiling) against current or wind.

  3. On killing

  4. Above (slightly) above a lower point.

  5. Appointed or transferred to a higher post or position.

  6. (Computer system or industrial process) working properly.

  7. This means a stable thrill (variable) of quark with a relatively low mass and power charge of +2/3. In the standard model, protons and neutrons consist of the upper and lower parts.

  8. In pleasant moments or in a good mood.

Sentences of Up
  1. The mayor agreed to form a committee

  2. Miranda just got up for breakfast

  3. Put up posters in the city

  4. The bow of the ship slowly took off through the air and stopped there

  5. Each time he was in a different position

  6. Go up the stairs

  7. The escalator went up

  8. The contract is valid for three weeks

  9. The system is now ready

  10. The atmosphere here is definitely there

Synonyms of Up

up, upward, uphill, towards a higher level, to the top, brighten, brighten up, lighten, become light, light up, break, clear up, become bright, become brighter, become lighter, become fine, become sunny, add to, make larger, make bigger, make greater, augment, supplement, build up, enlarge, expand, extend

Policy:

Meanings of Policy:
  1. Adopted or recommended by the government, party, company or individual in accordance with the Code of Conduct.

Sentences of Policy
  1. Controversial economic policy administration

Synonyms of Policy

plans, strategy, proposed action, blueprint, approach, scheme, stratagem, programme, schedule, code, system, guidelines, intentions, notions, theory, line, position, stance, attitude