Insurance

Contestable Clause

A key aspect of an insurance policy is the provision outlining the circumstances in which the insurer can challenge or invalidate the policy. This condition, known as a contestability period, typically has a specific time frame for when it can be invoked. As a knowledgeable professor of finance, it is important to be aware of this provision and its implications for both insurers and policyholders.

Related terms

Floater

Understand the meaning and definition of Floater in the context of stock market, trading, and investments.

MORE
Misstatement-of-age clause

Understand the meaning and definition of Misstatement-of-age clause in the context of stock market, trading, and investments.

MORE
Fixed annuity

Understand the meaning and definition of Fixed annuity in the context of stock market, trading, and investments.

MORE
Mortality table

Understand the meaning and definition of Mortality table in the context of stock market, trading, and investments.

MORE
Last Birth Day (l.b.d)

Understand the meaning and definition of Last Birth Day (l.b.d) in the context of stock market, trading, and investments.

MORE
Permanent disability

Understand the meaning and definition of Permanent disability in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers