Sentences with phrase «after issuance of the policy»

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

The nominee can be changed any time after the issuance of the policy by submitting completed and duly signed Nomination Form and self - attested copy of KYC documents (Address and ID proof of the nominee) at the nearest branch location.

For instance, in case of marriage or purchase of your 1st new house after the issuance of the policy, increase in 50 % of the original basic sum assured is allowed.

It is paperless work, and after the issuance of your policy, you can access it from anywhere.

3 — Adding riders after the issuance of policy is generally not allowed.

For single pay policies, you can get a surrender value immediately after issuance of the policy.

Not exact matches

Each carrier has its own guidelines regarding the issuance of prior acts to new insureds but most allow only a short window in which to bind new coverage after the original policy has expired.

Term plans does not pays death claims if death occurs due to suicide within first year of policy issuance or within first year after reviving a lapsed policy.

He also said that the issuance and after service of the policy will be done through an online process, in order to minimize the turnaround time.

Some examples here can include claims that are related to fraud, suicide (typically excluded for two years after policy issuance), and acts of war.

Under this LIC policy, the risk cover on a child's life begins either after 2 years from the policy issuance date or after the completion of a child's 7 years of age, whichever is later.

Readers of this blog, and those who are familiar with life insurance, know what the contestability period is: a two - year time period after the issuance of a life insurance policy when the insurer can cancel or rescind the policy if the insured made what's called a «material misrepresentation» in the application, such as in response to a medical or financial question.

Subsequently, if there is a claim made after 3 years post the commencement of risk or issuance or reinstatement of the policy, the insurance service provider loses the right to cancel the policy on the basis of false statements made in the insurance form.

Waiting Period: Waiting period comes into effect after the issuance of the health policy.

«No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.».

No insurance company can deny your claim three years after issuance of life insurance policy.

If a cancellation is requested post the issuance of the policy, the Company shall refund the premium amount after deduction of the expenses incurred on medical examination and / or stamp duty, as applicable.

If a cancellation is requested before the issuance of the policy, the Company shall refund the application money after deduction of the expenses incurred on medical examination, if applicable.

• Develop and implement policies for the parking lot • Issue parking permits and devise appropriate procedures for distribution of the same • Organize parking registration activities • Collect, count and record the parking fee • Supervise, train and evaluate subordinate employees • Guide and educate the campus community regarding parking procedures and SOPs • Identify and report any suspicious vehicle • Issue and submit periodic parking lot reports to the higher management • Devise and recommend ways to enhance the effectiveness of parking procedures to ensure maximum customer facilitation • Carryout paper work for long term parking requests and issue relevant permit if applicable • Inspect the parking lot physically and ensure proper physical conditions are available for parking • Ensure consumer and vehicle security in the parking lot • Operate parking lot equipment, drive through gates and car lifters appropriately as and when required • Respond to public inquiries and provide relevant information regarding parking protocols • Monitor CCTV footage and report any suspicious activity • Regularly update the members» vehicle data and stamp their permits • Oversee parking lot operations, revenue collection and ticketing procedures • Ensure proper book keeping procedures are being carried out • Conduct minor maintenance of parking lot equipment • Promote and demonstrate high standards of customer service • Issue permits to vendors and other visitors after complete validation of their personal data • Oversee flagging and validation code issuance • Organize training sessions for development and grooming of the team • Assign duties to the parking lot employees and evaluate their performance • Serve as point of contact for parking lot procedures, maintenance and permissions • Allocate separate space for visitors, special guests and handicapped individuals • Manage parking lot budget and meet the maintenance requirements within allocated amount • Devise a proper one way route within the parking area and display informative direction boards to implement the same • Oversee the cleanliness of the parking lot and keep it snow free during winters to facilitate smooth drive in and drive out • Procure and install parking signs and meters etc. • Maintain vehicle owner's data on whose IDs the permits have been issued • Record all drive ins and drive outs with timings in the computerized log system

«No later than 90 days after issuance of this Mortgagee Letter, mortgagees must begin to assess mortgagors in default under FHA's loss mitigation priority order and policies referenced herein.»