policy monthiversary definition
policy monthiversary is the monthly processing date that corresponds to the same day of each calendar month following the Policy Effective Date on which Members may be granted cover under this policy “policy” means the Group Income Replacement Plan Policy taken by the Policyholder for providing Coverage to its Members.
policy monthiversary means the same day of each subsequent month as the Policy Date. If there is no corresponding date in the month such as 29th, 30th or 31st, then the Policy Monthiversary will be the last date of such month.