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disability clause

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noun Insurance.

a clause in a life-insurance policy providing for waiver of premium and sometimes payment of monthly income if the policyholder becomes totally and permanently disabled.

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British Dictionary definitions for disability clause

disability clause

noun

(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 becomes permanently disabled
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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