Dates on a Policy

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Inception Date

e.g. 26 Jun 2013

The date an insurance policy's coverage is started. Also called effective date.

Expiry Date

e.g. 26 Jun 2014

The date an insurance policy's cover expires.

LTA Date

Stands for 'Long Term Agreement'

It's not used much nowadays - but used to be if you agreed to renew your insurance with an insurer for 3 years they would give you a discount of 5% - if they then increased the premium in that 3 years the LTA was broken and you were free to go elsewhere.

To set this date just click on the date boxes.