Contract Expiry Date

The "Contract Expiry Date" in the context of life insurance and health insurance refers to the specific date on which an insurance policy's coverage ends or is scheduled to terminate. This date is outlined in the insurance contract (policy) and signifies the end of the insurer's obligation to provide coverage or pay benefits under the terms of the policy. After the contract expiry date, the policyholder is no longer covered by the policy, and the insurance company has no further responsibilities unless the policy is renewed or extended according to the terms agreed upon by both parties.

Understanding the contract expiry date is important for policyholders to ensure continuous coverage and to make informed decisions about their insurance needs and options before the policy ends.