Sentences with phrase «benefit under the policy»

This benefit allows the owner to receive payment of a portion of the death benefits under the policy upon terminal illness of the insured.

There are no tax benefits under this policy and or on the pension about received through this policy.

[1] This is a claim by an insured against an insurance company under a policy of disability insurance for benefits under the policy.

This option must be exercised at least 30 days before the receipt of benefit under the policy.

The bonuses, once declared is payable as guaranteed benefits under the policy.

This benefit allows the owner to receive payment of a portion of the death benefits under the policy upon chronic illness of the insured.

If the injured party is entitled to workers compensation benefits under a policy purchased by you or anyone else, the injury is not covered by your Medical Payments coverage.

For either, you may also be entitled to other additional benefits: see Part 5 Additional Benefits under your policy below.

However, your spouse and other dependents in your family can avail benefits under this policy.

There is no surrender benefit under this policy You can not take any loan against this policy Once you have subscribe this policy you can not change the premium or tenure or sum assured.

Covered Person is the term, which refers to the individuals who are insured under a policy contract and are eligible to benefits under their policy terms.

Be aware of the maximum benefit under your policy and the currency.

Upon surrender of this Policy, no further benefits under this Policy shall become payable and this Policy will terminate.

This may eventually reduce the death benefit under the policy.

Tax benefits under the policy will be as per the prevailing Income Tax laws.

This option needs to be exercised at least 30 days before receipt of benefit under the policy.

Once declared, the bonus becomes a guaranteed benefit under the policy.

More about this is found below in Part 4: Additional Benefits under your policy.

If premiums for a minimum of three years have been paid and subsequent payments have not been made, then benefits under the policy are reduced proportionately.

The term «Deductible» shall mean the amount of eligible Covered Expenses which are the responsibility of each Insured Person and must be paid by each Insured Person before benefits under the Policy are payable by the Company.

On March 27, 2014, Unifund advised the claimant that he was precluded from receiving any accident benefits under his policy because of the garage exclusion under section 1.8.4 of the OAP 1.

We do not pay the disability or accidental death benefits under this policy if caused, directly or indirectly, by any of the following:

The one or more accelerated benefit riders attached to your policy permit the owner to receive a portion of the insured person's life insurance benefit under the policy due to a qualifying critical, chronic, or terminal illness during the insured person's lifetime, subject to policy terms and conditions.

Premiums paid and maturity / surrender / death benefit under this policy provides tax benefits under section 80C & 10 (10D) of the IT Act, 1961.

McJimpson sued for uninsured motorist benefits under a policy that had the same «direct physical contact» requirement.

No, typically travel insurance will not cover the cost of a substitute booking but will refund you the money you paid for your original travel arrangements if it is a covered benefit under the policy purchased and not refunded through the supplier or other source.

To receive the cash value, the policyholder surrenders their rights to future benefits under the policy.

The Beneficiaries — the people who the policy owner names as those entitled to receive death benefits under the policy after the insured's death

Waived premiums will be discounted at 6.5 % p.a. and given to the nominee along with the base benefit under the policy (if the insured event i.e. demise happens).

To continue availing the free benefit under this policy, a customer has to make a minimum recharge of Rs 200 every three months.

Frequently, the definition of «disability» for purposes of triggering the waiver of premium provision is different (often more strict) than the degree of disability needed to collect benefits under the policy.

Premiums paid and policy benefits under this policy are eligible for tax exemptions under section 80C & 10 (10D) of the IT Act, respectively, subject to prevailing tax laws.

If premiums for a minimum of two years have been paid and subsequent payments have not been made, then benefits under the policy are reduced proportionately.

Responding to concerns raised by policyholders about what happens to premiums paid if they don't make a claim for benefits under the policy, some insurance companies have introduced a hybrid policy that offers a death benefit as well as coverage for long term care costs.

Deductible shall mean the amount of eligible Covered Expenses which are the responsibility of each Insured Person and must be paid by each Insured Person before benefits under the Policy are payable by the Company.

Tax benefit amount: Tax benefits under the policy are subject to prevailing tax laws (Section 80C an Section 10 (10D)-RRB- of the Income Tax Act, 1961

The Ontario Superior Court has held that an «excluded driver» under an auto policy is not a «listed driver» under the policy for the purpose of receiving accident benefits under the policy.

With this benefit, your family don't have to pay premiums for availing benefits under the policy.

Policy Termination or Surrender Benefit: There are no Surrender Benefits under this policy.

We do not pay the death benefit under this policy if the insured person, whether sane or insane, dies by his or her own hand, within 12 months from the date on which his or her cover commenced.

As a With Profits Policyholder, you will share in the performance of the With Profits Fund and shall get a benefit over and above the guaranteed benefits under your policy.

Represented an accounting firm in federal court in bad faith insurance litigation against its carrier that refused to provide insurance benefits under the policy.

This benefit allows the owner to receive payment of a portion of the death benefits under the policy upon the Insured experiencing a covered qualifying event.

This option needs to be exercised at least 30 days before the receipt of benefit under the policy.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

Grace period is of 30 days from the original due date as stipulated by regulation and the benefits under the Policy remain unaltered during this period.