Sentences with phrase «by the policyholder after»

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

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.

Not exact matches

Policyholders can then choose to extend coverage after a term ends by either purchasing a new policy or converting a qualified term insurance policy to a permanent one.

2) After designing a living benefit for an annuity, you notice that one option is being chosen by policyholders, and the rest not.

Combined ratio, also called «the combined ratio after policyholder dividends ratio,» is a measure of profitability used by an insurance company to gauge how well it is performing in its daily operations.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

The suicide of a policyholder after the first policy year of any life insurance policy issued by any life insurance company doing business in this state shall not be a defense against the payment of a life insurance policy, whether said suicide was voluntary or involuntary, and whether said policyholder was sane or insane.

For insurance contracts agreed or renewed on or after May 4, 2017 and governed by English law, the UK Enterprise Act 2016 introduces an implied term, affording the policyholder the right to recover losses caused by the insurer's failure to pay valid...

Insurance defense focuses on matters of protecting the rights of insurance companies in the defense of claims made by policyholders, typically as a result of a plaintiff filing a lawsuit against his or her insurance carrier after being denied an insurance claim.

Bodily injury liability (BI) pays, up to your policy limits, for injuries or death that you (the policyholder), or other drivers covered by your car insurance policy, are found responsible for after a motor vehicle accident.

Claiming that the policyholder would receive bonuses being distributed by IRDAI if they purchase an insurance policy and wait for a few months after which the bonus would be released by IRDAI.

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.

Nearly three - fourths (71 %) of new claims by female policyholders were opened after reaching age 55.

Lapsed Policy: If a policyholder fails to pay the premium on or prior to the due date, and doesn't pay the premium after the grace period too, the insurance provider ceases all the benefits provided by the insurance cover and abolishes it for the reason of non-payment.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

If the policyholder survives after the term, the premium paid by the policyholder will be returned by the insurance company.

Payment of Income: Annuity income is paid after Kotak Mahindra Old Mutual Life Insurance Limited receives of a «Certificate of Existence» signed and submitted by the policyholder every year as per the format and procedure laid down by it (the insurance company)

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

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

As per the Smart Benefit option, after the policyholder» sdeath, all future premiums will be waived off and paid by the company.

Policyholders can then choose to extend coverage after a term ends by either purchasing a new policy or converting a qualified term insurance policy to a permanent one.

By providing life cover as well as regular monthly income (annuity) after retirement, annuity / pension plans ensure that the policyholder remains financially independent and enjoys more or less the same lifestyle as he / she did when income was regular.

The mandatory PIP requirement amount will vary by state, but most policies will minimally cover the policyholder's medical bills, unpaid wages and rehabilitation costs after a vehicular accident, regardless of fault.

The regulator has also asked the life insurers to report the matters on lapsations regularly to it,» The proceeds of the lapsed policies shall invariably be refunded to the policyholder after the expiry of the revival period or at any time after completion of 3 years term as and when demanded by the policyholder.

However, some of the insurers may pay back all the premiums paid by the policyholder till the date of death after deducting policy related expenses if any.

According to Bajaj Allianz, the facility can be availed in 80 cities in India.Apart from offering additional no - claim bonus, this long - term Bajaj Allianz two - wheeler policy also ensures that policyholders won't lose a claim bonus even after making a claim.This is yet another big step taken by Bajaj Allianz General Insurance in the space of two - wheeler insurance after the collaboration with Snapdeal.

The allotment of units to the policyholders will be done only after the receipt of premium / contributions proceeds as stated below; In case of New Business, units shall only be allocated on the day the proposal is completed and results into a policy by the application of money towards premium / contributions.

Rider Sum Assured will be paid to the policyholder in 10 equal half - yearly installments wherein each installment amount will be equal to Rider Sum Assured multiplied by 10 %, provided the policy is in force (as on the date of occurrence of event) and the rider contract ceases after payment of the last installment.

The payouts start immediately after the PPT is over and continue for 8 - 15 years (as chosen by the policyholder).

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

The notice period ends 30 days after the receipt of notice by the policyholder.

Premium is invested after adjusting the required charges as per the decision made by the policyholder in a choice of 5 funds namely Secured Fund, Balanced Fund, Smart Fund, Growth Fund and Prima Fund

The premiums paid after adjusting the applicable charges are invested in a choice of fund chosen by the policyholder.

Once the policy is canceled, the policyholder receives the premium of the policy after deducting the proportionate premium for the risk borne by the company.

Step 2 - after the premium paying term is over Guaranteed Cash Benefit is paid monthly or annually as chosen by the policyholder till the term is over.

The best part of a child insurance policy lies in its waiver - of - premium feature; under which even after the unfortunate death of the policyholder, policy does continue paying all benefits, and all future premiums is borne by the insurer on behalf of the policyholder.

By paying a higher benefit above the policy limit, extended replacement cost policies protect policyholders from an inflation in the reconstruction costs after a major disaster.

However, there's a general rule of thumb: insurance agents receive a first year commission paid immediately after the first insurance premium is paid by the policyholder.

The revival of a lapsed policy shall take effect only after the same is approved by the Corporation and is specifically communicated in writing to the Policyholder.

After deduction of applicable charges of Rs 3,000 the amount of Rs 97,000 is invested in the fund chosen by the policyholder.

After the death of the policyholder, the premium is funded by the company till the maturity period and that's why it is called waiver of premium (waiver of the policyholder's obligation to pay the premium).

The revival of the rider shall take effect only after revival of the rider is approved by Max Life Insurance basis the Board - approved Underwriting Policy and communicated to the policyholder in writing.

The revival of discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Policyholder.