double indemnity


noun

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.

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Origin of double indemnity

An Americanism dating back to 1920–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for double indemnity

double indemnity

noun

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
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

Cultural definitions for double indemnity

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.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.