 Increased limit factor

The term "Increased Limit Factor" (ILF) may refer to different concepts depending on the context in which it is used. In general, it is most commonly associated with insurance and risk management industries, particularly in relation to policy limits and coverage. 1. **Insurance Context**: In the context of insurance, the Increased Limit Factor is used to calculate additional premiums for policyholders who wish to raise their coverage limits beyond the standard amount offered by an insurance policy.