# Annualized premium is the premium selected
by the policyholder at risk commencement date, excluding GST
Underwriters need to consider carefully the information provided
by policyholders at inception and be more pro-active in seeking out further information which may be material to the underwriting of the risk.
If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen
by the policyholder at the time of inception of the policy
The amount payable
by the policyholder at regular intervals during the Premium Paying Term, and at the Premium Payment Frequency
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
Plans can be surrendered
by the policyholder at any time, provided at least 1 full year's premium has been paid if premium paying term is less than 10 years or at least 2 full year premiums have been paid, if premium paying term is 10 years or more.
The funds that are in the investment component of your policy can be borrowed
by the policyholder at little to no interest.
Fixed Death Benefit — Standard term policies also have a fixed death benefit, the amount of which is determined
by the policyholder at issuance and affects the premium payments that will be made.
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 policy.
A one of a kind Term plan which returns the premiums paid
by the policyholder at the end of the policy tenure.
It is an amount that can be paid
by a policyholder at any point of time to increase his fund value.
The information and documentation as maybe be requested by the company is submitted
by the policyholder at his / her own expenses.
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.
Death benefit option shall be chosen
by policyholder at inception and it can not be changed during the Policy Term.
Combination of the above two options as decided
by the policyholder at the time of initiation of the policy.
The monthly income can be level or increasing @ 10 % p.a. as chosen
by the policyholder at the time of buying the policy
The monthly income can be level or increasing at 10 % p.a. as chosen
by the policyholder at the time of buying the policy
# Annualized premium is the premium selected
by the policyholder at risk commencement date, excluding GST
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).
Not exact matches
A prominent business magazine, Caixin, said in May 2017
at least 30 billion yuan ($ 4.3 billion) of that money really came from premiums paid
by policyholders — a violation of insurance regulations.
b) With Extended Life Cover: The
policyholder also has the option to choose for Extended Life Cover benefit
at inception of the policy
by paying additional premium throughout the premium paying term.
Whereas whole life insurance provides fixed rates of return on the account value,
at rates determined
by the insurance company, variable life insurance provides the
policyholder with investment discretion over the account value portion of the policy.
The «property intelligence» and research firm MSB estimates that as many as 68 % of U.S. homeowners are underinsured
by an average of 18 %, while a June 6, 2008 study done
by consumer advocate United
Policyholders found that 75 % of the homeowners affected
by the devastating 2007 Wildfires in San Diego and San Bernardino Counties were underinsured
at an average of $ 240,000 per home.
A.M. Best arrives
at this rating
by examining data such as
policyholder reserve funds, other investment or operating contingency funds, and miscellaneous reserves reported as liabilities on the balance sheet.
At the end of the day, crown corporation or not, ICBC is an insurance company, and they make money
by paying out as little as possible to
policyholders and injured people.
At the end of the day, crown corporation or not, ICBC is an insurance company, and they only make money
by paying out as little as possible to
policyholders.
'' [S] pecialist
policyholder counsel like me can add real value because we (or
at least some of us) have tools available that help us win our cases — not unfairly, mind you, but
by overcoming ignorance and protecting the interests of our clients that the law already protects.»
The lawyers
at Orr & Brown LLP refuse to sit idly
by and allow Georgia
policyholders to be abused in this fashion.
Life insurance, meanwhile, generates an estate, diminishes the financial uncertainty of passing away too soon, grants the beneficiary a specified amount
at death of the
policyholder in exchange for a premium which is determined
by sex, age, type of insurance, amount of death benefit and health.
At Life Wealth Win, we routinely replace policies sold to unsuspecting
policyholders by other agents / agencies.
Level premiums established
at the time of issuance may also be enhanced
by the payment of dividends from a mutual insurance company whose
policyholders share in ownership.
Other example of a waiver of premium restriction includes that the loss of income
by the
policyholder should
at least be six months for the rider to apply.
UM / UIM coverage protects the
policyholder from these drivers
by paying for bodily injury and property damage caused
by an
at - fault uninsured motorist.
However, IRDA has initiated a step of prescribing standardised illustrations to be used
by all life insurers
at the point of sale to protect
policyholder's interests.
A form of insurance
by which an insurance company pays for a
policyholder's financial loss resulting from an automobile accident without concern for who was
at fault.
The benefit is payable
at the rate of 25 % of the Basic Sum Assured chosen
by the
policyholder and 25 % of the accumulated Simple Reversionary Bonuses.
Policy Termination: The
policyholder can terminate the policy
at anytime
by giving a 15 day written notice.
The
policyholder can register claims
by submitting their request
at the customer care helpdesk or via an SMS.
Policyholders are required to submit a valid proof of age
at the time of claim to avail the age related discounts offered
by the insurer.
Policy termination -
Policyholder is allowed to terminate the policy
at anytime
by giving a 15 day written notice.
Policy termination:
Policyholder is allowed to terminate the policy
at any time
by giving a 15 day written notice.
Policy termination:
Policyholder is allowed to terminate the policy
at anytime
by giving a 15 day written notice.
Policy termination: A
policyholder is allowed to terminate the policy
at anytime
by giving a 14 day written notice.
It means
policyholders can get medical treatment
at network hospitals in Delhi and expenses will be borne
by Bajaj Allianz.
Alternatively,
policyholders may also register a claim
by sending an email on claims [
at] bharti - axagi [dot] co.in.
The
policyholder can nominate a person (the beneficiary) to receive the Death Benefit in the event of the demise of the life insured or make a change in nomination
at any time during the tenure of the plan, provided the plan is in force,
by submitting a written request to the insurance company.
Net Liabilities to
Policyholder Surplus This is another method for ensuring that the insurance company is stable and is able to meet their obligations
by looking
at this ratio.
In theory, the system is supposed to discourage lawsuits
by allowing
policyholders to recover financial losses from their own insurance company without having to prove that anyone is
at fault in an accident.
The policy also covers injuries that occur
at secondary residences or seasonal homes, within recreational vehicles, on the premises of rental properties, or on a boat or watercraft owned
by the
policyholder.
Policy termination — The
Policyholder is allowed to terminate the policy
at any time
by giving a 15 day written notice.