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What do you mean by term double indemnity in insurance?

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Final answer:

Double indemnity in insurance refers to a clause in an insurance policy that provides for double the normal benefit or payout if the insured person dies or suffers an injury under specific circumstances.

Step-by-step explanation:

Double indemnity in insurance refers to a clause in an insurance policy that provides for double the normal benefit or payout if the insured person dies or suffers an injury under specific circumstances. This additional amount is typically paid out if the death or injury is caused by an accident, such as a car accident or accidental fall. The concept of double indemnity is often used in life insurance policies and accidental death and dismemberment policies.

User Bas Swinckels
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