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Renewal provision describes the insured's right to cancel coverage.
<u>Explanation:</u>
Policy provisions are clauses included in insurance contract that sketches the exact conditions for what amounts along with stipulated restrictions and exclusions or for which coverage the insurance is provided.
An agreement in individual health policy that talks about the conditions based on which the insurer will not renew coverage but can increase the premium amount or cancel the coverage.
In other words, it is individual life insurance policy stipulation that allows the policy owner without going through evidence of insurability, to continue coverage at the end of the term.
