disability clause

disability clause

n
(Insurance) (in life assurance policies) a clause enabling a policyholder to cease payment of premiums without loss of coverage and often to receive a pension or indemnity if he or she becomes permanently disabled
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
The court reasoned that a literal interpretation of the total disability clause would defeat the very purpose of the insurance because it "rarely happens that an insured is so completely disabled that he can transact no business duty whatever." And the "fact that the insured may do some work or transact some business duties during the time for which he claims indemnity for total disability ...
Adjusting the definition: a court ruling maintains that a literal interpretation of the total disability clause would defeat the very purpose of own-occupation disability insurance
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