InsuranceFinancial Glossary
Endorsement
Definition
A written amendment or addition to an existing insurance policy that modifies the original terms and conditions. Endorsements can add coverage (like adding a rider), remove coverage, change the sum insured, update personal details, or add/remove insured members from a floater policy.
Why It Matters
Any change to your insurance policy — adding a newborn to your health plan, changing your address, increasing your sum insured mid-term — requires an endorsement. Keep copies of all endorsements with your policy document because they become part of the legal contract.