Sentences with phrase «by one's policyholders»

Mutual companies are actually owned by the policyholders who are considered shareholders and can receive dividend payment distributions and may not be penalized by an increase in premium due to losses.

These can be customized and chosen by the policyholder as per their preferences.

However, the premium paid by the policyholder for siblings / parents / in - laws in not eligible for tax deduction.

Medical examination expenses are borne by the policyholder at the time of revival of the policy.

A one of a kind Term plan which returns the premiums paid by the policyholder at the end of the policy tenure.

Any benefit variant can be chosen by the policyholder for protection.

The annuity begins after a time period as specified by the policyholder in the annuity contract.

The cash in a whole life policy can be either borrowed at a low rate of interest or withdrawn by the policyholder for whatever he or she needs.

The benefit paid would depend on the benefit option selected by the policyholder when buying the plan.

The funds that are in the investment component of your policy can be borrowed by the policyholder at little to no interest.

Long - term care policies or riders, on the other hand, pay benefits based on expenses incurred by the policyholder for long - term care.

This is in case where the damage to the car is so much that the claim amount received by the policyholder is much less than the actual value of the car.

This type of exclusion is commonly used by policyholders who live with someone who has a poor driving record and would significantly raise the premium.

Property damage liability covers damage to other people's property caused by the policyholder.

A person employed by the insurance company, sometimes an impartial party, who investigates and settles claims made by a policyholder.

The benefit would depend on the coverage option and the death benefit option chosen by the policyholder when the plan was bought.

Typically term insurance lasts 10, 15, 20, 25, 30 or 35 years with the policy duration decided by the policyholder before their coverage begins.

If the company determines the late fee or premium submission on interest submitted by the policyholder from time to time.

Third - party damages up to Rs. 7, 50,000 can be claimed by a policyholder.

Claims can be rejected based on the wrong information provided by the policyholder at the inception stage.

The cash may be withdrawn or borrowed against for any reason by the policyholder.

The premium net of applicable charges can be invested by the policyholder in a choice of seven funds for investment.

The policy earns cash value that may be borrowed by the policyholder if needed.

The amount of premiums payable by a policyholder of would depend on the sum assured amount opted, age of the policyholder and the policy term.

Note: In case, the life assured passes away during the policy period, the insurance company pays the sum assured to the nominee as per the payout opted by the policyholder.

This includes cases for which the corporation refuses to pay the claimed amount and such cases includes suicide by policyholder within one year of subscribing policy.

The insurer shall refund 80 per cent of the paid premiums to the person nominated by the policyholder.

As a living benefit, any cash value may be drawn upon by the policyholder during their life.

The fourth type of car insurance fraud is committed by policyholders.

This plan can be purchased by the policyholder on the payment of a lump sum one time investment.

There are two ways that the cash value of a life insurance policy can be accessed by the policyholder.

A deductible is the amount to be paid by the policyholder before the insurance coverage comes into play.

A life settlement should be employed by policyholders who no longer have the need for a death benefit.

With this option, the base policy purchased by the policyholder is a permanent life insurance plan (as versus a term life insurance policy).

A renewable term life insurance policy can be renewed by the policyholder after each «term,» or time period has gone by.

Lightning strikes, fires, theft and liability claims are costly and affect the cost of homeowners insurance, but they are not the most frequent claims filed by policyholders.

Riders are the additional benefits that can be added by the policyholder with the policy at a nominal cost.

Unlike traditional savings plans, the risk of investment in this case is borne completely by the policyholder as the policyholder chooses the investment options in which he / she wants to invest in.

Insurance cover: The sum assured is a minimum of 10 times of the annual premium paid by the policyholder which can be increased anytime.

Mutual life insurance companies are owned by their policyholders so, if the insurer brings in more money than is spent, the profits are distributed as dividends.

Unlike term, a permanent life insurance policy will stay in force, unless it is canceled by the policyholder or the premium stops being paid for the coverage.

This is unlike a traditional term life insurance policy, where the death benefit is paid to a personal beneficiary named by the policyholder and can be used for many purposes.

These charges are deducted from the policyholder's account / fund if the life insurance policy is surrendered by the policyholder.

An insurance contract is based completely upon the info given by the policyholder in proposal form.

The fund options are particularly chosen by policyholder under all unit - linked plans.

However, a Rs 1 crore total limit applies to the sum of all life policies taken by the policyholder.

The third number is the claim limit a policy will pay to another party for any property damaged by the policyholder, or rider.

Whereas, opportunity fraud is created by a policyholders by over stressing a genuine claim or providing wrong information related to the pre-existing diseases etc. to get the underwriting done in their favor.