Sentences with phrase «benefits under the terms of the policy»

Not exact matches

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and

And then we have a huge vacuum in social policy in terms of rural under - development, unemployment and disability benefits and care of senior citizens.

Filed Under: Banking Advice Tagged With: angry retail banker, Bureau of Labor and Statistics, captive agent, cash value, death benefit, insurance agent, insurance broker, life insurance, policy, PolicyGenius, premium, quote, retail banker, retail banking, term life insurance, universal life insurance, variable life insurance, variable universal life insurance, whole life insurance

Apart from all these benefit SBI life Smart Money Back plan offers a free look period of 15 days under which the insured can cancel the policy if he / she is dissatisfied with the terms and condition of the policy.

Benefit Period: The maximum length of time for which benefits will be paid under the terms of the insurance policy.

Claim: Notification to an insurance company that payment of the benefit is due under the terms of the policy.

LTCAccess Rider — A great supplement to long term care policy, the LTCAcess rider allows you to accelerate a portion of your death benefit so you can pay for expenses from long term care covered under the rider, including both home and facility care.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

Consider this scenario: An employee is covered for long - term disability (LTD) benefits under his employer's group policy of insurance.

As such she was eligible for accident benefits under Ontario's Statutory Accident Benefits Schedule («SABS»), which provides for statutory accident benefits in accordance with the terms of a person's insurancebenefits under Ontario's Statutory Accident Benefits Schedule («SABS»), which provides for statutory accident benefits in accordance with the terms of a person's insuranceBenefits Schedule («SABS»), which provides for statutory accident benefits in accordance with the terms of a person's insurancebenefits in accordance with the terms of a person's insurance policy.

Provisions under Flexi Online Term and Metlife Employee Benefit mainly include policy renewal and different types of riders.

«Term cost» is simply the cost of a one - year term policy on the insured employee with the same death benefit, i.e., what it would cost the employee to buy the same amount of insurance protection for one year under a term policy.2 In some arrangements, the employee actually pays the term coTerm cost» is simply the cost of a one - year term policy on the insured employee with the same death benefit, i.e., what it would cost the employee to buy the same amount of insurance protection for one year under a term policy.2 In some arrangements, the employee actually pays the term coterm policy on the insured employee with the same death benefit, i.e., what it would cost the employee to buy the same amount of insurance protection for one year under a term policy.2 In some arrangements, the employee actually pays the term coterm policy.2 In some arrangements, the employee actually pays the term coterm costs.

Benefit Period: The maximum length of time for which benefits will be paid under the terms of the insurance policy.

Claim: Notification to an insurance company that payment of the benefit is due under the terms of the policy.

It covers two people under a single policy and provides flexibility in terms of premiums and benefits.

Travelex Specific Statement: First, travelers currently in Mexico who have fallen ill would be covered under the trip interruption, medical expense and evacuation benefits of your plan up to the limits of the policy and subject to its general terms and conditions.

USA Assist Specific Statement: Those actually affected: First, customers currently in Mexico who have fallen ill would be covered under the trip interruption, medical expense and evacuation benefits of your plan up to the limits of the policy and subject to its general terms and conditions.

Care Benefit: Under Option 2, Wealth + Care Option - on occurrence of any one of the 5 listed Critical Illnesses, all future premiums that would otherwise have been payable shall be waived for the remainder of the premium payment term and the company will continue to allocate units to your policy as if the premiums are being paid.

The benefits under the rider shall be paid even in case when accident happens during the policy term and disability occurs beyond the policy tenure but happens within 180 days from the date of the accident.

Benefits is the amount paid by the insurance provider to a beneficiary who filed a claim under the terms of his / her policy.

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under the LIC term plan.

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under this LIC term plan.

In comparison, a maximum term policy under LIC Bima ensures a death benefit of Rs. 16 lakhs at most, for the same yearly premium.

Medical Evacuation — Current insured travelers who become ill would be eligible for coverage under the medical evacuation benefit of their plan up to the limits of the policy and subject to its general terms and conditions

Individual policies are customizable and vary in terms of how they define disability and under which circumstances they provide benefits.

The demutualization process does not impact coverage, ongoing claims for insurance benefits, ongoing payments of accident or insurance benefits, or the other terms under your insurance policy.

It is the benefit payable to the beneficiary on the event of the death of the life assured under the terms of the policy.

-- The term «reportable death benefits» means amounts paid by reason of the death of the insured under a life insurance contract that has been transferred in a reportable policy sale.».

Travel Insured's Worldwide Trip Protector plans provide critical trip cancellation / interruption, medical / evacuation, and baggage coverage that your clients might not otherwise benefit from under the terms of their other policies.

When you buy a term or whole life insurance policy with the appropriate living benefits rider attached you will be able to choose how much of your policy will be accessible prior to your death and under what circumstances.

A contingent beneficiary is defined as the person or organization who would receive under the terms of the life insurance policy if the primary beneficiary can not or chooses not to receive the death benefit proceeds.

Eligible Expenses Expenses that are eligible for payment of benefits, under the terms of an insurance policy.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

Benefits paid under an indemnity policy are not taxed unless they exceed the higher of the cost of qualified long - term care or $ 340 - per - day (the 2016 limit).

This policy has exclusions, limitations, reductions of benefits, terms under which the policy may be continued in force or discontinued.

In case of «Whole Life Plan'the policy holder is obliged to pay a fixed amount of premium on a regular basis till the term of the policy, failing which will cease the death benefit payable under the policy.

Under most long - term care policies, you're eligible for benefits when you can't do at least two out of six «activities of daily living,» called ADLs, on your own or you suffer from dementia or other cognitive impairment.

Under this type of policy, if no death benefit has been paid by the end of your insurance term, all your premiums are refunded (tax - free).

Benefit Access Rider — This rider will accelerate your policy's death benefit if you become chronically or terminally ill under the terms of theBenefit Access Rider — This rider will accelerate your policy's death benefit if you become chronically or terminally ill under the terms of thebenefit if you become chronically or terminally ill under the terms of the rider.

Yes, the premium you pay on the term insurance policy has a maximum tax benefit of Rs 1.5 lakh under section 80C of the Income Tax Act, 1961.

Term insurance policies offer tax benefits on the premiums paid under section 80 C of the Income Tax Act, 1961 and tax - free payment to your nominee in case of death under Section 10 (10D) of the Income Tax Act.

Here, after approval of the claim under the major stage cancer benefit clause, all future premiums payable towards the policy are waived off for the rest of the policy term.

Apart from this, if the insured owns a joint term insurance policy, then only one death payout is offered under the policy, even in the case of accidental death of both the insured persons, only one death benefit is payable to the beneficiary of the policy.

Free Look Period: If the policyholder feels that he is not happy with the insurance coverage and the benefits provided under it or the policy terms and conditions, then he has the option to cancel his plan within 15 days of receiving the policy documents, given that no claims have been done yet.

The ICICI term insurance policy is terminated on payment of this amount and all rights, benefits and interests under the policy will stand extinguished.

Under the ladder strategy, you buy multiple, smaller policies of varying death benefits and terms.

Tax benefits under the ICICI term insurance policy are subject to conditions under section 80C and 80D of the Income Tax Act, 1961.

For a policy term of 15 years, the Guaranteed Maturity Benefits shall be 15 % of the Sum Assured under the Basic Plan.