Renewable term insurance

Type of life insurance under which the insured has the right to continue the insurance for another term of the same length without submitting evidence of insurability. Premium rates increase at each renewal as the age of the insured increases.
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UK: Term insurance that carries an option to renew for a further specified period of years without evidence of good health.

Renewal

MEDICAL,USA: Automatic continuance of an insurance policy for a specific time period by payment of the premium for a new policy term.
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US: Continuance of coverage under a policy beyond its original term by the insurer’s acceptance of the premium for a new policy term.
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UK: The continuance of a policy beyond its initial period. Most policies, permanent contracts excepted, are renewable by mutual consent and allow 15 days’ grace period except in marine insurance. See RENEWAL NOTICE.
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UK: the continuation of cover beyond the original term of the policy (usually involving, in strictness, a new contract).
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The continuation of in-force status that is caused by the payment of a premium.
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The extension of the term of coverage of an expired policy, commonly by replacement with another policy effective on the date of expiration of the previous policy.
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The reinstatement in force and effect of something that is about to expire. With an Insurance Policy it is made either by the Insurance of a new Policy or renewal receipt or certificate under the same conditions, to take effect upon the expiration of the old Policy.

Renewal certificate

A very limited method of policy renewal by issuing a certificate rather than by issuing a new policy. The certificate refers to the original policy but does not enumerate all of its terms.
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A document evidencing effecting of renewal of an original Policy to which it replaces.