double indemnity
noun
a clause in a life-insurance or accident-insurance policy providing for payment of twice the face value of the policy in the event of accidental death.
Compare
accidental death benefit.
Origin of double indemnity
An Americanism dating back to 1920–25
Words nearby double indemnity
double harness,
double helix,
double hitch,
double ikat,
double in brass,
double indemnity,
double integral,
double jeopardy,
double jump,
double knit,
double knitting
British Dictionary definitions for double indemnity
double indemnity
noun
US and Canadian
(in life assurance policies) a clause providing for the payment of double the policy's face value in the event of the policyholder's accidental death
Cultural definitions for double indemnity
double indemnity
A feature of life insurance policies stating that the insurer will pay twice the face value of the policy if the insured dies accidentally.