What is the main difference between Time Limited, Maximum Benefit and Lifetime policies?

What is the main difference between Time Limited, Maximum Benefit and Lifetime policies?

Time limited policies provide cover for illnesses or injuries up to a maximum of 12 months (365 days).

Maximum Benefit policies provide cover for an injury or illness up to the maximum limit specified on your certificate of insurance. For Lifetime policies, these provide cover for ongoing conditions throughout your pets lifetime, provided there is no break in policy cover and your premiums are kept up to date.