traditional policy

British  

noun

1. a life assurance policy in which the policyholder's premiums are paid into a general fund and his investment benefits are calculated according to actuarial formulae Compare unit-linked policy

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Example Sentences

The site also retains the seemingly traditional policy of requiring that most its information derive from reliable secondary sources such as newspapers, not primary sources like an individual’s social media posts.

From Slate • Oct. 26, 2023

House of Lords issued a report that questioned why nudges were being favored over more traditional policy tools, like regulation.

From Salon • Mar. 22, 2022

To be sure, not everything is reverting to traditional policy.

From Los Angeles Times • Apr. 13, 2017

Mr. Jenkins said he had bought a traditional policy for himself and his wife.

From New York Times • Dec. 9, 2016

But very soon after his coronation, the Emperor Komei departed from this time-honoured sequence of procedure and formally instructed the Bakufu that the traditional policy of the empire in foreign affairs must be strictly maintained.

From A History of the Japanese People From the Earliest Times to the End of the Meiji Era by Brinkley, F. (Frank)