Skip to main content
Insurance

Noncancellable

A non-cancelable policy is a type of insurance that cannot be terminated by the insurer until a specific age is reached. In other words, the policy remains in force as long as the premiums are paid on time. However, the insurer may still raise premiums according to the predetermined amounts stated in the policy upon issuance. This provides a level of stability and predictability for the policyholder, making it a popular choice for long-term financial planning.

Related terms

Conditional contract

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

MORE
Business income insurance

Understand the meaning and definition of Business income insurance in the context of stock market, trading, and investments.

MORE
Annuity Certain

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

MORE
Insurance rate

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

MORE
Valued policy

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

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91