Sentences with phrase «by policyholder under»

Not exact matches

Under English law, which often applies to such policies involving international trade, because insurance contracts are «of the utmost good faith», the policyholder is required to disclose all «material» facts to the insurance company even if no question is asked by the insurance company.

A policyholder could find itself in the position of recalling on its own initiative or being asked by FDA to recall based on this «reasonable probability» standard, but not being able to satisfy the definition of «accidental contamination» under its specialty policy because it can not prove its product was W With the frequency of costly product recalls on the rise, many companies have considered purchasing specialty recall coverage to secure coverage for certain recall - related losses that are often excluded from general liability and property policies.

«By limiting the amounts reimbursable under no - fault law to New York parameters, the regulation eliminates abuses and ensures that policy limit amounts will provide for necessary policyholder benefits and lost wages, while leveling the playing field for New York insurers.»

4 CIBC Payment Protector Insurance for Credit Cards is optional creditor's group insurance underwritten by Canadian Premier Life Insurance Company under a group policy issued to CIBC as group policyholder.

For example, damages resulting from a fire caused by an earthquake would fall under a policyholder's homeowners insurance, not their earthquake insurance.

Fund Switch is a facility available only in Unit Linked policies allowing the Policyholder to change the investment pattern by moving from one Investment Fund / s to another among the Investment Funds offered under the underlying product of the Company.

The law also requires an insurer to protect the confidentiality of a person covered under an insurance policy when that person delivers to the insurer a valid order of protection against the policyholder or other person covered by the policy.

Families with annual cover are not required to travel together, and children under 18 travel free when accompanied by an adult policyholder.

In a recent development, Farmers Group notified its policyholders that it would no longer cover bites by pit bulls, Rottweilers and wolf hybrids under homeowners» insurance policies.

A key determinant both of coverage provided by the LawPRO policy under the Law Society's insurance program, and of whether liability could spread beyond the individual lawyer - policyholder, is the nature of the error or omission giving rise to a claim.

After you have found a provider, ask them whether you will be able to purchase GAP insurance for multiple leased vehicles and whether you can save money by bundling under one policyholder.

It might also benefit the policyholder by increasing the amount of sum insured under the policy.

Under this HDFC life term plan, additional coverage can be decreased by the policyholder after attaining 45 years of age, which subsequently lowers future premiums

Under Immediate Annuity Plans, a lump sum is paid by the policyholder and the annuity payments start immediately from the next period chosen.

Under the second option, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalments.

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

Top - up premiums are invested under the «Save for Tomorrow» feature where the policyholder is allowed to increase the amount of top - ups by 5 % p.a. subject to a maximum of 150 % of the regular premium

The determination of the Sum Assured under ULIPs depends on the amount of premium paid by the policyholder.

If the policyholder chooses the Save Benefit under any of the plan option, then on death or critical illness, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and paid for by the company and the plan continues.

The premium net of applicable charges can be either self - invested by the policyholder or invested under the Systematic Transfer Plan or Automatic Asset Allocation option.

There are two preferences of payment of death benefit under this HDFC child plan which are Save Benefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying the plan

With a growing number of happy policyholders, CoverHound has found its way into the media spotlight, and is backed by investors with over a billion dollars of assets under their management.

Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange (Exchanges) are inter-insurance exchanges owned by their policyholders and organized under the laws of the State of California.

Under the Funding of Future Premiums benefit, after the policyholder's death, all future premiums are waived off and paid for by the company.

Under this proposal, plans will continue to be able to use the rebate to reduce the subscribers» portion of premium for the subsequent policy year (including by spreading it over the 12 months of the policy year) as long as the subsequent policy year commences within 3 months of receipt of the rebate by the group policyholder.

Special benefits such as a partial waiver of interest amount on Traditional Policies, relaxed underwriting norms by simplifying the DGH (Declaration of Good Health) form and waiving medicals for some policyholders are extended under such campaigns.

To help keep rates affordable for all Farmers customers, we must occasionally cancel a policy if a policyholder becomes a high risk - for example, by filing multiple claims within a brief time period, causing an accident while under the influence of alcohol or drugs, or taking unnecessary risks (careless use of flammable liquids, reckless driving, etc.).

The Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Exchange are inter-insurance exchanges that are owned by their policyholders, and are organized under the laws of the State of California.

As defined in the rules of the group insurance scheme under administration or as defined by the employer for employer - employee group and Master Policyholder for non-employer-employee group.

Also, the government deems any claim amount availed by the beneficiaries or a bonus of the policyholders as tax free under the Section 10 (10D) of the Income Tax Act.

Under a variable universal life contract, policyholders have numerous investment subaccounts available to them like they do with variable life policies but also have the flexibility in premium payments and frequency offered by universal life policies.

If any top up premium shall be paid under the policy in which loan is availed of, the top up premium will be first adjusted towards outstanding loan and interest on outstanding loan, if any, and the balance available shall be invested in the fund (s) chosen by the policyholder after deduction of applicable charges.

The premium paid for the fund are tax - free under the Section 80C while the claims received by the policyholder are tax - free under the Section 10.

The claim / maturity amount received by the beneficiaries or bonus in the hands of the policyholder is tax - free under Section 10 (10D) of the Income Tax Act.

Under the Unit linked plans the fund option is chosen by the policyholder.

But if suicide is committed within one year by the policyholder then the company will be liable to refund 80 % of the premium and all rights, benefits, and interests under this policy will nullify.

Tax benefit available only for premium paid for specified persons Under Section 80C of the Income Tax Act, any amount paid by a policyholder towards life insurance premium for self, spouse or his / her children can be claimed as deduction from taxable income.

The regular premium paid by the policyholder is eligible for tax deduction under Section 80C (subject to conditions specified) of the Income Tax Act, 1961.

Policyholders are entitled to claim tax exemptions under the numerous sections by selecting an insurance policy.

Under this feature, 0.25 % - 1 % of the fund value every month multiplied by the premium paying frequency is automatically paid to the policyholder.

Under such circumstances, a policyholder can avail of a co-payment clause, wherein a fixed percentage of the consultation fee, medical expenses and hospitalisation would have to be borne by them.

If the policyholder fails to pay his premiums due to any reasons by either to enforce anytime, the provisions under the plan shall not be available anymore to be a waiver of either of the party's rights herein nor in any way effect the validity of the whole or any part of the plan.

Mrs Sharma is surprised to know about portability through a friend who describes it as a provision implemented by IRDA that allows the policyholder to switch over to a new insurance service provider under the same terms those exist under the present policy.

Under the Auto Funds Rebalancing option, the funds rebalance themselves every 3 months in the ratio chosen by the policyholder at the commencement of the plan while investing money.

The policyholder could get a cover up to as much as INR 1 crore, under this plan to insure permanent disability or death that he / she may be at risk for by participating in adventure sports.

Therefore, even if the policyholder holds a base policy with an INR 3 crores sum insured, and opts for 100 % payout under the adventure sports cover, the claim payout still remains only INR 1 crore if the policyholder is permanently disabled or passes away by participating in an adventure sport specified in the policy.

Under the process, if the policyholder gets admitted in a network hospital referred technically as the Preferred Provider Network (PPN), all expenses are directly settled by the insurance company through Third - Party Administrators (TPAs) who act as an intermediary between the hospital and the insurance company.

An endowment plan may also have riders that increase the amount of cover that a policyholder has by protecting him or her from risks that are not covered under the main policy.

Under this, the policyholder can develop protection by choosing for riders by a normal additional premium payment.

Add - on covers under the car insurance policy that can be opted for by a policyholder in order to avail better enhanced coverage for his car under the insurance plan.