not subject to cancellation : a noncancellable insurance policy.
or non·can·cel·la·ble
not subject to cancellation : a noncancellable insurance policy.
adjective . Not releasing pollutants, especially carbon dioxide, into the atmosphere.
Optionally Renewable — a provision in a health policy , for example, that gives the insurer the right to renew the contract or not at its option on the policy’s anniversary date; midterm cancellation is not permissible.
A noncancellable insurance policy is a life or disability insurance policy that an insurance company can’t cancel, increase the premiums on, or reduce the benefits of for as long as the customer pays the premiums.
A non-cancellable insurance policy – most often comprised of health, disability, or life insurance – cannot be repealed over time , and therefore there will be no unexpected increases in premiums or decreases in benefits. The policy decreases the risk for consumers and is most appealing to risk-averse buyers.
or non·can·cel·la·ble
not subject to cancellation : a noncancellable insurance policy.
A non-cancelable policy typically has a 20% additional premium charge versus guaranteed renewable only policies. Guaranteed renewable only policies do not have guaranteed level rates. ... Some guaranteed renewable policies also guarantee rates for the first 3 years.
: not subject to refunding or being refunded a nonrefundable bond a nonrefundable fee.
Kerosene . Hint: Natural or non-polluting fuels are those which do not release the polluting emissions that are harmful for our environment like Methane. These fuels are renewable and are obtained from the compost or the fossil fuels. Another example is LPG.
| eco energy-efficient | green low-carbon | organic environment-friendly | ecological environmentally-safe | eco-friendly environmentally sound |
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: causing little or no pollution : not polluting nonpolluting industries nonpolluting energy sources.
A guaranteed renewable policy is an insurance policy feature that ensures that an insurer is obligated to continue coverage as long as premiums are paid on the policy .
re·new·a·ble. adj. 1. Capable of being renewed : a renewable membership; renewable subscriptions.
An example of rebating is when the prospective insurance buyer receives a refund of all or part of the commission for the insurance sale . Rebates can be made in the form of cash, gifts, services, payment of premiums, employment, or almost any other thing of value.
The most comprehensive, and typically the most expensive, is to have a policy that is Non-Cancellable and Guaranteed Renewable. Guaranteed Renewable only policies offer fewer guarantees, and conditionally renewable policies offer the fewest guarantees.
Ahmed is a finance and business writer covering personal finance, investing, entrepreneurship, and career development.