Sentences with phrase «by paying his premiums on time»

In the case of premium payment term more than 20 years, the surrender value gets enabled once the policyholder completes 2 years by paying his premiums on time.

This bonus is generally dependent on the performance of the insurance company and based on the loyalty shown by the customer by paying all premium on time during the tenure of the policy.

Of course, you can avoid all of this by paying your premiums on time, but you'll want to know your avenue of recourse in case something comes up.

This can often be done the easiest by paying the premiums on time and also by using the insurance in the proper ways in other manners.

Not exact matches

The bill, which would mandate TSA's criminal investigators to spend a minimum of 50 percent of their work time on criminal cases to receive premium pay and other benefits, was approved in February by the House.

The cost of the policy (a one - time premium) is usually based on the loan amount, and is often paid by the purchaser.

In case if the insured fails to pay the premium on time then they can pay the due premium under the grace period of 30 days offered by the insurer.

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

If you have an escrow account that is set up such that your lender is supposed to pay the insurance premiums and tax bills, you should still keep an eye on the calendar and make sure that they are paid on time by your lender or servicer.

While you can't avoid the contestability period when you first apply for life insurance, you can avoid it later on by simply paying your premiums on time.

You can continue your coverage for as long as you pay your premiums on time or until you reach one of the dates specified by the policy.

By choosing a plan with a high deductible and co-pay to save money on premiums, you are agreeing to pay more each time your pet requires veterinary care.

Insurance premiums may be paid at any time prior to or with final payment and become effective on the date payment is received by Gate 1 Travel.

The following transactions are excluded from earning points: BPAY transactions, payments to the Australian Taxation Office (effective 2/11/2015) unless made using a Business Awards card, balance transfers, cash advances (including a transaction treated by the Bank as a cash advance, for example, utility bills paid in person at a bank), purchases of foreign exchange, credit card insurance premiums, travellers cheques, interest charges, Qantas Frequent Flyer Direct fees, Bank fees, Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards cards) and any other transactions which may from time to time be excluded by the Bank.

A premium finance agreement is an arrangement under which a premium finance agency or an insurance broker or agent advances funds to an insurance company to pay an insurance premium on behalf of the insured and receives repayment by the insured over a period of time.

Earned premium naturally means that the insurance company did not have to pay claims to the policy holder for the elapsed time period since a payout on the policy would inevitably mean reducing the portion of the earned premium equal to the loss incurred by the policy holder and at times even resulting in loss for the insurance company as they might have to pay out more for the loss than the amount they have earned.

Nonetheless, the amount charged on top of the standard premium paid by healthy applicants will vary from company to company, with many companies charging up to four times more than the premium rates paid by non-smokers.

The booking for the Trip must be the first and only booking for this travel period and destination, You are not disabled from travel at the time You pay the premium, and You must purchase this policy for the full non-refundable cost of Your Trip; 2) Suicide, attempted suicide or any intentionally self - inflicted Injury while sane or insane (in Missouri, sane only) committed by You, Traveling Companion, or Family Member whether insured or not; 3) War, invasion, acts of foreign enemies, hostilities between nations (whether declared or not), civil war (does not apply to Cancel for Work Reasons coverage); 4) Participation in any military maneuver or training exercise (does not apply to Cancel for Work Reasons coverage); 5) Piloting or learning to pilot or acting as a member of the crew of any aircraft; 6) Mental or emotional disorders, unless hospitalized; 7) Participation as a professional in athletics; 8) Being under the influence of drugs or intoxicants, unless prescribed by a Physician; 9) Commission or the attempt to commit a criminal act by You, Traveling Companion or Family Member whether insured or not; 10) Participating in bodily contact sports; skydiving; hang gliding; parachuting; any race, bungee cord jumping; speed contest; spelunking or caving; (Does not apply while on Your Trip if You purchase Sports Coverage); 11) Participating in extreme skiing or mountaineering (mountaineering below 15,000 feet is covered while on Your Trip if You purchase Sports Coverage); 12) Dental treatment except as a result of Accidental Injury to sound natural teeth; 13) Pregnancy and childbirth (except for Complications of Pregnancy or as specifically provided under Part A); 14) Traveling for the purpose of securing medical treatment.

Grace Period: In case of the policyholder fails to pay the premium on time, a grace period of 15 days (for monthly mode) and 30 days (for other modes) are allowed by the insurance company.

While you can't avoid the contestability period when you first apply for life insurance, you can avoid it later on by simply paying your premiums on time.

If your car is not in use after a period of 28 days and you suspend the insurance by returning your certificate and disc to your insurer, you will receive a pro-rata refund of your premium paid at the last renewal date for the period of suspension (subject to possible administration fees) based on the time your car is out of use.

With a flexible universal policy, the rates will vary over time, and the premiums may be paid by the policy in the future, but the premiums on a whole life policy will stay the same for the life of the policy.

• Monthly premiums are based on your age, gender and smoking status • You can pay by monthly pre-authorized chequing, monthly by credit cards (VISA, MC, AMEX) & annually by credit cards (VISA, MC, AMEX) • The younger you're when you apply, the lower your premiums would be • Once covered, you can renew Lifecheque Basic up to age 75, regardless of any changes in your health or occupation • Even if your health declines, your coverage can not be canceled, as long as you pay your premiums • Of course, you can choose to cancel this protection at any time.

Life insurance carriers take on the financial obligation to pay a specified death benefit in return for premiums paid by policy owners for a set amount of time as defined by a life insurance contract.

A premium, which is a recurring policy payment for the enactment and life of the policy coverage, is a predetermined amount of money that must be paid in full and on time by the insured on a predetermined schedule.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the polPaid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the polpaid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.

1) Kotak with claim settlement ratio of 92 % and good solvency ratio and premium of rs. 11736 Kotak has a consistent claim settlement ratio of above 90 % for 3 consecutive years 2) PNB metlife with similar claim settlement ratio of Kotak and same premium of rs. 11781 PNB is a big nationalised bank and Metlife is one of the largest insurance companies in the world 3) Aegon life with claim settlement ratio of 89 % and premium of rs. 11172 Aegon is in partnership with bennett coleman company which is a times group company Aegon doesn't have a very good claim settlement ratio in the past but by paying an additional premium of 500rs you can get a waiver of future premiums on discovery of critical illness.

Consequently, you would be paying less on premiums for lower amount of coverage as time goes by.

By making sure you pay your premium payments on time you are keeping your mortgage protection safe.

An annuity plan works on a very basic principle — you create a fund for your retirement days by paying regular premiums throughout a period of time, and then when you retire and your regular income stops, the annuity plan substitutes your income by paying you regularly.

If you fail to pay the policy renewal premium on time, then you will be uninsured again, i.e. the coverage provided to you by your health insurance policy will be taken back.

In case one partner refuses to pay or doesn't pay on time, the tenure of the policy lapses until the other partner takes the load of paying the premium by himself / herself.

The Future Generali Bima Gain plan is a non-participating Unit Linked Insurance Plan that offers high returns on investment; the policyholders can opt for a sum assured that is up to ten times of the premium paid by them.

In case of death of the insured during the tenure of the plan, the Death Sum Assured which is higher of 10 or 7 times the annual premium depending on the age of the insured or the basic Sum Assured multiplied by the Guaranteed Maturity Factor is paid to the nominee subject to a minimum amount of 105 % of all premiums paid till the date of death.

Pay premiums on time: You only need to make sure that you make the payments of the premium on time at a frequency chosen by you at the time of purchasing the policy.

Life Cover with inbuilt Waiver of Future Premiums payable on Critical Illness: At the time of diagnosis of any of the 12 pre-decided critical illnesses, the future premiums shall be waived of and paid by the Premiums payable on Critical Illness: At the time of diagnosis of any of the 12 pre-decided critical illnesses, the future premiums shall be waived of and paid by the premiums shall be waived of and paid by the company.

The sum assured on death amount is 125 % of the basic sum assured or 10 times the annualized premium, whichever is more and is not lesser than 105 % of the total premiums paid by the policyholder until the time of his / her demise (this is not inclusive of taxes on premium amounts and extra, and rider premium amounts if any)

Possibility to increase savings go higher with the accumulation of non-guaranteed reversionary bonuses being offered by the company at the end of every year provided premiums were paid on time

As long as the premium is paid on time the death benefit is guaranteed by the insurer to remain in force until a defined age.

This can be done by always paying your premiums on time and also by treating the policy correctly by only filing necessary claims.

However, regardless of the amount that you are paying, it is very important to pay the insurance premiums accurately and on time by the date that they are due.

You may also be able to save on the premium by paying the plan in full every time it is up for renewal.

\ nA renewable policy allows the policyowner to renew the coverage simply by paying additional premiums before the termination date without having to provide evidence of insurability (i.e. proving good health) Note: most insurance providers limit the number of times you can renew such a policy or set an age limit for renewals so make sure to pay attention to this when shopping for term life insurance if you plan on renewing your policy for some time.

You can also lower your annual premium by paying off any fines and always paying your bill on time.

Guaranteed Death Benefit is higher of (11 times the Annualised Premium **) or (105 % of all premiums paid by Policyholder as on the date of death of the Life Insured) or (Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception).

Perhaps one of the best ways to save money from your West Bend renters insurance policy is by being a good customer and paying your premiums on time.

• Home mortgage interest paid at settlement that is found on the mortgage interest statement provided by the lender • Certain real estate taxes paid at closing • Real estate taxes — listed on your real estate tax bill — the lender paid from escrow to the taxing authority • Sales taxes paid at closing • Points — also known as loan origination fees, maximum loan charges, loan discounts or discount points — which are a one - time closing cost that provide you a discounted rate on your mortgage and can be deducted only over the life of the mortgage • Mortgage insurance premiums, except for mortgage insurance provided by the Department of Veterans Affairs or Rural Housing Service

HUD increased both the up - front fee collected on FHA loans (UFMIP) as well as the annual premium that is paid monthly by FHA borrowers as part of their monthly payment to all - time highs; making new FHA loans more expensive than at any time in their history, despite having lower rates than conventional loans.