double indemnity

double indemnity

double indemnity Word Origin noun

  1. a clause in a life-insurance or accident-insurance policy providing for payment of twice the face value of the policy in the event of accidental death.

Compare accidental death benefit. Origin of double indemnity An Americanism dating back to 1920–25 British Dictionary definitions for double indemnity double indemnity noun

  1. US and Canadian (in life assurance policies) a clause providing for the payment of double the policy’s face value in the event of the policyholder’s accidental death

double indemnity in Culture double indemnity

A feature of life insurance policies stating that the insurer will pay twice the face value of the policy if the insured dies accidentally.

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