Sentences with phrase «at policy inception»

Risk strategy chosen at policy inception can not be changed thereafter.

You will receive a fixed income, guaranteed at the policy inception, throughout your life.

This increase of the sum assured will not be more than twice the original sum assured at the policy inception.

Under this plan you have to choose the higher Life Cover option at policy inception.

You will have the option to select the premium payment term only at policy inception and once selected, the option can not be changed.

-- In this plan, premium needs to be paid till the end of the policy tenure as selected at policy inception.

It's common to do so at policy inception, but be aware of what it could mean for your NC Renters Insurance rates in the future!

The premium is paid in a single lump - sum payment at the policy inception for the purchase of the annuity.

The limits of renters insurance are determined at the policy inception.

You can choose one of the two plan options and once chosen at the policy inception, can not be altered throughout the policy term.

This increase is restricted such that the life cover is not more than twice the original sum assured at the policy inception.

Under this plan the insured has to choose out of the following option at policy inception.

It's common to do so at policy inception, but be aware of what it could mean for your NC Renters Insurance rates in the future!

Annuity for Single Life (without any death benefit): A guaranteed fixed amount decided at the policy inception is payable to you throughout the life.

This option is available for all plan options has to be opted for at policy inception and is subject to BAUP.

Francesca has experience advising insurers on insurance coverage, recent notable cases involved material non-disclosure at policy inception and declinature for breach of condition precedent.

The insured may nominate a minor at the policy inception, given he appoints an appointee to avail his benefits:

Depending on the age of the child at policy inception and plan option chosen, a Benefit Booster is paid at the end of the policy term.

Guaranteed Maturity benefit (GMB) is set at policy inception and depends on policy term, premium payment term, premium, age and gender.

The Sum Assured is the Monthly Benefit chosen at the policy inception x policy term x 12.

Option to increase your insurance cover upto twice the Sum Assured at policy inception depending upon the policy term.

This Sum Assured on maturity is chosen by customer at policy inception, allowing customer to define his / her own benefits.

Option I - Level Term Assurance: Where your sum insured chosen at policy inception remains the same till the end of the policy term.

The Rider is available for Limited Pay & Regular Pay variants and has to be attached at Policy inception only.

Under Free Asset Allocation Option, unlimited Top Up is allowed subject to underwriting and under Highest NAV Guarantee Fund Option, maximum Top Up allowed upto the Single Premium paid at policy inception.

To avoid cancellation or premium up - rates to your policy it is always best to answer all questions truthfully and disclose all pertinent factors to the insurer at policy inception.

Exide Life Critical Illness Rider UIN: 114B009V02 and Exide Life Accidental Death, Disability and Dismemberment Rider UIN: 114B002V02 are optional riders which provide add on benefits and can be added at policy inception or anniversary.

The $ 85,000 is an approximation of the cash value at policy inception.

Single Life Annuity for Life — A fixed amount guaranteed at the policy inception to be paid throughout.

-- In this plan, Policy Tenure can be either 6 years or 11 years, as selected at policy inception.

Annuity for Single Life (with return of single premium on death): A guaranteed fixed amount decided at the policy inception is payable to you throughout the life.

Under this plan you have to choose the option at policy inception.

And it has to be opted for at policy inception and is subject to BAUP.

SSO can be opted only at the policy inception.

This Maturity Benefit is availed as per the Cash Installment Option chosen at policy inception and is receivable as per the table below:

i - Securemore - Benefit from increasing cover of 5 % increase in sum assured at each policy anniversary; upto a maximum of twice the sum assured at policy inception

At the policy inception, your premium will be allocated into various funds (namely, Bluechip Equity Fund, Equity Growth Fund II, Accelerator Midcap II, Bond Fund & Liquid Fund).

Survival Benefit: If the policyholder survives till the maturity age, then a certain % of the Sum Assured is given to the policyholder as Survival Benefit in the last 5 years, and the policy remains active as per the schedule was chosen at the policy inception.

The idea is easy — you pay a premium every year for a specific period of time, and if any untoward incident happens at some point of the term of the policy, the nominee gets a lump sum benefit as selected by you at policy inception.

The concept is simple — You pay a premium every year for a specific period of time, and if any untoward incident occurs during the term of the policy, you are paid a lump sum benefit as chosen by you at policy inception.

Assured Option: If this option is chosen at policy inception, then the Death benefit receivable by the nominee will be as follows: Basic Sum Assured + Top - up Sum Assured, if any, subject to a minimum of 105 % of total premiums paid to date (excluding service tax).

Based on your requirements, at policy inception you may choose between the following two income options:

Option I - Level Sum Assured: Under this option, the sum assured chosen by you at policy inception, remains constant throughout the entire policy term.

You have the option to take the maturity benefit in one of the three cash installment options as opted by you at the policy inception.

A fixed amount, guaranteed at the policy inception, will be paid as long as at least one of the annuitants is alive.

The premium rates will vary basis the Sum Assured option chosen by the Policyholder (Level Sum Assured or Increasing Sum Assured) at policy inception

Joint Life Annuity for life (without any death benefit): A fixed amount, guaranteed at the policy inception, will be paid as long as at least one of the annuitants is alive.

A fixed income, guaranteed at the policy inception, will be paid as long as at least one of the annuitants is alive.

The money back or endowment option needs to be chosen at the policy inception and it can not be altered during the policy term.