|The policy is not expired and the policyholder is eligible to file claims and receive benefits according to the terms and conditions of the policy.
|The policy got expired and the coverage and benefits provided by the policy are no longer in effect.
|The policy is already cancelled.
|The policy is approaching its expiration date and the policyholder has the option to extend or continue the coverage for another term.
|The status of the policy is unknown. This is the default value of policy status.