Recently, SBI Life Insurance had planned to appeal to Irda against the latter's directive to refund Rs 275.29 crore to
beneficiaries of group insurance schemes.
Private life insurer SBI Life Insurance plans to appeal to the Insurance Regulatory and Development Authority (Irda) against the regulator's directive to refund Rs 275.29 crore to
the beneficiaries of the group insurance schemes.
Not exact matches
I don't think I would put them to the average layperson in a small
group setting, but to a pastor or deacon, a question or two at a time... for the record, I am a high school grad, have had three jobs in my entire life (church custodian, newspaper pasteup [pre-computer pagination], and grocery deli clerk), am on SSDI for complications
of Marfan's Syndrome, and a Medicare
beneficiary, no secondary
insurance because I am about $ 20 over the income limit for Medicaid.
As with other types
of life
insurance,
group life
insurance allows you to choose your
beneficiary.
You can contact Servicemembers»
Group Life
Insurance to see if, perhaps, you were the
beneficiary of his SGLI policy.
If you've been unable, for example, to be the philanthropist you wished, you can name an institution, a
group or a school as a
beneficiary of your
insurance policy (see Life
insurance can be a charitable gift worth giving).
Group Term Life Insurance: A group insurance plan that provides a lump sum to a beneficiary in case of death of a covered member during the defined covered pe
Group Term Life
Insurance: A group insurance plan that provides a lump sum to a beneficiary in case of death of a covered member during the defined covere
Insurance: A
group insurance plan that provides a lump sum to a beneficiary in case of death of a covered member during the defined covered pe
group insurance plan that provides a lump sum to a beneficiary in case of death of a covered member during the defined covere
insurance plan that provides a lump sum to a
beneficiary in case
of death
of a covered member during the defined covered period.
• You own the policy • You choose the
beneficiary • You select the amount
of insurance protection • Your
insurance does not decrease unless you decide to reduce it • Your
insurance is not part
of a
group and you decide how to tailor it to your needs • Your
insurance does not lapse when is in default • Your protection is portable and does not lapse when you change mortgage companies or sell the property • Your
insurance is guaranteed re-newable to age 80 and after issue, you will never have to provide medical evidence
Irda asked the company to distribute wrongful payments
of Rs 84.31 crore to the members /
beneficiaries of respective
group insurance policies.
In passing that Act, Congress declared that employers with 20 or more full time employees (or equivalent) who also provide their employees with health
insurance must continue to provide the
insurance at the
group rate to an employee or their spouse or dependents (all are «qualified
beneficiaries») when one
of six «qualifying events» occurs (termination
of employment, reduction in hours [disqualifying from
insurance eligibility], death
of the employee, separation / divorce
of employee and spouse, dependent child who loses dependency through age (19 or 23 is still a student) or marriage (becomes someone else's problem).
The company has been told to issue death claim cheques directly in favour
of the nominee or
beneficiary of the deceased member
of a
group insurance scheme.
The National Association
of Insurance Commissioners also suggests using specific language such as «per stirpes» or «per capita» when deciding to allocate policy benefits among a class or
group of beneficiaries.
Group term life
insurance provides a death benefit
of predetermined sum to the
beneficiaries of the employees that sign up for it.
In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date
of inception
of the member under the
group insurance scheme, whichever is later, then higher
of 80 %
of the premiums paid or surrender value in respect
of concerned insured member is payable to the nominee /
beneficiary.
Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date
of inception
of the member under the
group insurance scheme, whichever is later, then higher
of 80 %
of the premiums paid or surrender value in respect
of concerned insured member is payable to the nominee /
beneficiary.
Group Personal Accident
Insurance policy provides your
beneficiary with a benefit in the unfortunate event
of your accidental death and disability.
The company has been asked to issue death claim cheques directly in favour
of the nominee or
beneficiary of the deceased member
of a
group insurance scheme.
Group term life
insurance is a type
of life
insurance provided by an employer or association to employees or
beneficiaries.
Unless the policy owner changes the
beneficiary, or the primary
beneficiary is deceased before the life
insurance policy owner that is the person or
group of people who will receive the settlement.