English translation: insured amount automatic adjustment policy
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policy with a provision for the automatic adjustment of the sum insured
Explanation: As Robert suspects in his comment, this is not a TYPE of insurance policy, but a provision or clause within a policy, whereby the sum insured (and this phrase IS used in insurance) is index-linked - normally according to, e.g. a Building Cost Index or a Retail Price Index, whichever is most appropriate to what is actually being covered under the policy.
I have worked for nearly 20 years in Intrenational Insurances and am an Associate of the Chartered Insurance Institute.
Paul Stevens Local time: 17:50 Specializes in field Native speaker of: English PRO pts in category: 217