Bharti AXA INSURANCE GLOSSARY Endorsement Endorsement An insurance endorsement is an amendment to an existing insurance policy. It is used to change the terms or scope of the policy to provide for additional riders or exclude some of the original coverage provided. An endorsement is legally binding and can be issued at the time of policy purchase, renewal or mid-term. Endorsement is treated as a part of the policy and usually remains valid till the policy expires. Some endorsement may also have a specific term for which they are valid. Broadly speaking, there are two kinds of endorsement. One is issued when the policyholder requests a change to policy. This replaces the previous insurance contract. For example, if the policyholder’s address changes when the policy is in force – a new policy document will be issued with the new address. The original contract with the old address will no more be valid, and is replaced by the new contract. Another form of endorsement is a rider which refers to a specific clause in the original insurance contract. This is used to add or restrict the coverage provided for in the original contract. This becomes an add-on to the policy and the policyholder needs to keep both the endorsement and the original contract with her. Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Related Posts Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.