Okuzeka
Insurance vocabulary · Policies & Contracts

Policyholder

Meaning in insurance, with examples

/ˈpɑːləsiˌhoʊldər/nounCore term

In insurance, policyholder means: The person or company that owns an insurance policy, signs the contract and is responsible for paying the premium.

In Turkish: sigorta ettiren, poliçe sahibi

How it is used

Used in policy documents, letters and customer service. Insurers send renewal notices to the policyholder and need the policyholder's consent to change the policy. Often the same person as the insured, but not always.

Example sentences

  1. The company is the policyholder, but each employee is insured under the group health plan.

  2. We can only discuss the policy details with the policyholder.

Common collocations

  • the policyholder's consent
  • notify the policyholder
  • individual policyholder
  • corporate policyholder
  • insuredThe person or organisation whose life, health, property or legal responsibility is protected by a policy. It is usually written 'the insured'.
  • beneficiaryThe person or organisation named in a policy to receive the money, for example the family member who is paid when the insured person dies.
  • policyThe written contract between an insurance company and a customer that sets out what is covered, for how long, for how much and on what conditions.
  • insurerA company that sells insurance policies, collects premiums and pays valid claims; in other words, the side that carries the risk.

More terms: Policies & Contracts

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This page explains English vocabulary for learners. It is not financial advice.