Sentences with phrase «by the policyholder before»

Typically term insurance lasts 10, 15, 20, 25, 30 or 35 years with the policy duration decided by the policyholder before their coverage begins.

Typically term insurance lasts 10, 15, 20, 25, 30 or 35 years with the policy duration decided by the policyholder before their coverage begins.

A deductible is the amount to be paid by the policyholder before the insurance coverage comes into play.

Not exact matches

In order to protect all policyholders, the adjuster needs to be certain that liability should, in fact, attach to the insured and the carrier before stating that it does by paying the claim.

The termination of insurance coverage by either the policyholder or the insurer before the official end of the policy term.

If the policyholder cancels the policy before the end of the surrender period, it is not likely the policyholder will receive any amount of the cash value because these costs are incurred by the insurance company to set up the policy.

The policyholder may choose to convert the Kotak Term Plan to any other plan that is offered by the company, provided it is not a term plan, before the last five years of the policy term.

The company remained a mutual company, meaning it was owned by its policyholders for more than 160 years before demutualizing in 2002 in an attempt to add a more competitive structure in which the company could operate and grow.

Deductibles lower the premium amounts by specifying set amounts that policyholders must pay before their insurance begins offering compensation.

Property insurance abides by a principle called indemnification, which means that the purpose of the insurance is to restore the policyholder to roughly the same state as before the property loss occurred — no more and no less.

Surrender Values Surrender value is the amount paid by the insurance company if the policyholder voluntarily terminates the insurance policy before its maturity.

Death benefits - incase of the death of the policyholder before maturity, the sum assured is paid in accordance «mera family payout» option chosen by the policyholder.

Direct Premiums Written: Property / casualty premiums collected by the insurer from policyholders, before reinsurance premiums are deducted.

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.

The life assured may be asked to undergo the medical tests before the revival of the policy, and the cost to be borne by the policyholder.

In deferred annuity, money is invested for some period before payments are made.It can be chosen by individuals who are working and still have some years of work before retirement.It may also come with a «life cover» which implies that in case of death of the policyholder, a lump sum amount is paid to the nominee.

Suicide clause - 80 % of the amount paid by the policyholder is returned if he commits suicide before 1 year.

In some cases, if the policyholder dies just before the premium due date and the final payment is missed, the grace period will give the survivors a little room to correct the oversight by making the payment so the policy is not be canceled.

Surrender Value is paid by the insurer in case the policyholder wants to terminate the policy before its maturity.

The cash value payable by the insurance company on termination of the policy contract at the desire of Policyholder but before the expiry term is known as Surrender Value.

So if the policyholder commits suicide before 12 months of the commencement of the policy, then no any claim will be paid by the company and the insurance policy will become void.

The full sum assured is paid by the insurer if the policyholder dies before the maturity or if the policyholder survives the policy term.

• Provide advance payments on flood claims, even before visits by an adjuster • Increase the advance payment allowable for policyholders who provide photographs or video depicting flood damage, along with receipts or canceled checks for their out - of - pocket expenses, or a contractor's itemized estimate • Waive the initial Proof of Loss (POL) requirement to allow advance payments • Extend the standard 30 - day grace period for NFIP policy renewals