What does Specified Disease Policy mean? Read on to discover the definition & meaning of the term Specified Disease Policy - to help you better understand the language used in insurance policies.
Specified Disease Policy
A specified disease policy is supplemental coverage that insures a policyholder against a specific set of diseases or a single type of disease as written in the health insurance policy. These diseases can be any or all of the following serious conditions that lead to major expenses in any person's lifetime: end stage renal failure, major organ transplant, stroke, diabetes, coronary artery or vascular disease, and cancer.
We hope the you have a better understanding of the meaning of Specified Disease Policy.