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Policyholder
(redirected from Policy holder)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Policyholder
An individual who owns an insurance policy.

Policyholder
A person or (less commonly) an organization that has an insurance policy. The policyholder receives the specific types of coverage (life, health, etc.) stated in the policy, subject to the payment of premiums, usually on a monthly basis. It is important to note that a policyholder does not make any legally enforceable promises when he/she takes out a policy. Specifically, the insurance company cannot legally compel the policyholder to pay his/her premiums; its only recourse is to stop coverage. On the other hand, the policyholder can force the insurance company to provide coverage if it refuses to do so, provided he/she has in fact paid premiums.


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Sometimes a policy holder may no longer need to have a particular life insurance policy.
HSBC Life lost an unencrypted CD with the details of 180,000 policy holders, while HSBC Actuaries lost a disc with data on almost 2,000 pension scheme members, the Financial Services Authority (FSA) said.
9 million policy holders in life insurance and four million in group insurance and there are 80,000 SLIC agents in the field.
 
 
 
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