Renewable

If some insurance policies are purchased for at least certain duration at a time, they are renewable. Please note that this is renewal of policy and NOT new policy. That means that if something happens in previous policy period, it will not be considered as pre-existing condition. While if you take new policy, it will be considered as pre-existing condition. Thus renewability is a big advantage. If you purchase new policy, new deductible, co-insurance etc. may apply again and that varies by each policy. Please refer to the brochure for specific details.

See Also: Return of minor children; Repatriation of remains; Revocable beneficiary; Reserve; Return on Policyholder Surplus (Return on Equity);

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