Sentences with phrase «by payment of the due premiums»

The policyholder may revive a policy by the payment of the due premium (s) at any time within a period of 30 days from the date of receipt of the revival notice but before the maturity date of the policy subject to satisfactory medical and financial underwriting.

Not exact matches

23 %: The average additional level of premium increase requested by Idaho's PacificSource Health Plans (on top of a regularly planned 23 % hike), due to threats to cut off insurer payments.

footnote ** IRA distributions received before you're age 59 1/2 may not be subject to the 10 % federal penalty tax if the distribution is due to your disability or death; is distributed by a reservist who was ordered or called to active duty after September 11, 2001, for more than 179 days; or is for a first - time home purchase (lifetime maximum: $ 10,000), postsecondary education expenses, substantially equal periodic payments taken under IRS guidelines, certain unreimbursed medical expenses, an IRS levy on the IRA, or health insurance premiums (after you've received at least 12 consecutive weeks of unemployment compensation).

PAYMENT & CANCELLATION: Deposit: A non-refundable deposit is due at the time of reservation * All reservations (except where specified): $ 300 per person Reservations with Antarctica, Cuba, Ecuador, Passion Play 2020, Uganda: $ 500 per person * Travel Protection (Insurance) premiums are not covered by the initial deposit.

Most concerns raised by commenters opposed allowing premium payments after the coverage effective date due to the uncertainty of payment for services provided after the coverage effective date if a premium is not paid and the enrollee is subsequently cancelled.

If your payment has still not been received prior to the 10th of the following month (Example: By July 10th for a payment that was due in June), you will have to pay a double premium to get your account current and reactivate benefits the next time you pay online.

These commenters opposed allowing more individuals to appear to have effective coverage and then have the coverage not be effectuated due to non-payment of premium by the payment deadline.

Exchanges may, and the Federally - facilitated Exchange will, allow issuers to implement, a premium payment threshold policy under which issuers can consider enrollees to have paid all amounts due if the enrollees pay an amount sufficient to maintain a percentage of total premium paid out of the total premium owed equal to or greater than a level prescribed by the issuer, provided that the level is reasonable and that the level and the policy are applied in a uniform manner to all enrollees.

For a Regular premium payment policy, the policy will lapse in case the due premiums are not paid by the end of the Grace Period.

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

Suppose the due date of premium payment is 1 July 2016, then he has to pay it by 16 July 2016 to renew or continue a policy in force without loss of continuity benefits, else his risk cover may lapse.

A grace period of 30 days is provided by Kotak Life Insurance company in case you miss the premium payment due date.

Get financial cushion in the unfortunate scenario of the life insured being struck by total and permanent disablement due to an accident or illness during the premium payment term.

If sufficient cash value exists in the policy, often times a missed premium payment will just reduce the cash surrender value by the amount of premium due.

f insured is struck by total and permanent disablement due to an accident or illness, he or she may get future premiums payable waived off, additional monthly income of 1 % of Guaranteed Sum Aassured till the end of premium payment term, income benefits as per schedule and maturity benefits on maturity.

Grace Period: If the insured fails to pay his insurance premium by the due date, then a grace period of 15 days is allowed for monthly premium payment mode and a grace period of 30 days is allowed for annual mode of premium payment.

Yes, the policy which has acquired a paid - up value or has lapsed due to the failure of premium payments can be renewed during the policy renewal period by paying the premium arrears along with the current interest rates.

The annual premium excludes any loading included by the company due to the mode of premium payment or any service tax charged on the premium.

However, one should be careful and avoid policy lapse which can occur by missing premium payments as there will be no insurance agent to remind you of your premium payment due date.

If a policy with accident benefit rider option is surrendered after attaining surrender value, then a part of the additional premium charged for providing cover after the premium payment term that is after 20 years of policy will also be refunded by us in case of permanent disability due to accident.

In case premium is not paid by the due date, a grace period to pay the premium is given for payment of the outstanding premium.

a. No need to remember the premium due dates or worry of issuance of cheques b. Experience complete peace of mind by ensuring that your policy does not lapse c. Enroll for Direct Debit premium payment option in 2 simple steps: i.Download the Direct Debit Mandate or collect it from any of our Branch offices ii.Submit the duly completed Direct Debit form at your nearest AVIVA branch office.