Sentences with phrase «case as policy holder»

Company is not responsible for the investment risk in this case as policy holder has the control to decide about where he / she want to invest.

Not exact matches

Maturity Benefit — In case the policy holder survives the entire tenure of the policy then he / she will be liable to avail maturity benefit as final instalment of survival benefit along with terminal bonus plus vested simple reversionary bonus.

In addition, the policy holder needs to submit any one of the following documents (as applicable) in case he / she opts for Auto Debit methods (ECS and Standing Instructions to Credit Card).

Notwithstanding anything else contained within this Policy, in the event that the proceeds of the Insured Mortgage are paid to any person or entity other than: i) to the registered title holder or holders, as the case may be

Sample # 2: Notwithstanding anything else contained within this Policy, in the event that the proceeds of the Insured Mortgage are paid to any person or entity other than: i) to the registered title holder or holders, as the case may be; ii) holder (s) of prior registered encumbrances (s); iii) an execution or judgment creditor (s); iv) to a non-registered covenantor that is a spouse, child or parent of the registered title holder or holders; v) to credit card companies for credit cards in the name of the registered title holder or holders or in the name of non-registered covenantor (s) that are the spouse, child or parent of the registered title holder or holders; then the Company can deny coverage and shall have no liability to the Insured for any matters that involve the allegation of mortgage / title fraud, including challenges to the validity and enforceability of the Insured Mortgage.

The rest amount serves as Maturity Benefit in case of the demise of the policy holder.

This is not always the case as some insurance policy holders are very happy with the claims process using the insurance company's adjuster.

A contract holder of a segregated fund, such as a pool of investments tied together in an life insurance policy, pays premiums to an insurance company so that the contract holder will receive an agreed upon sum in the case of loss.

Term insurance has garnered importance in recent times as it is a policy which provides a life cover for a definite period of time and benefits the nominee of the deceased policy holder in case of his / her death.

In case the spouse passes away, the primary holder's policy will continue as it is with the same premiums.

10 times of single premium paid (excluding Service Tax) + Loyalty Addition is payable as death claim amount, in case of death of the policy holder before completing 15 years or the maturity date of the policy.

It's also good to have any other official paper work such as shared mortgage documents, credit card statements, or employee benefits information in case any road blocks arise in proving your connection to the policy holder.

Life insurance living benefits — also referred to as a policy's accelerated death benefits — can allow the policy holder to use some (or in some cases, even all) of the death benefit proceeds during his or her lifetime.

Hello Liz, You are correct, as a California resident policy holder, in the very remote case of liquidation of Genworth, the California Health & Life Insurance Guarantee Association would pay as follows: Life insurance death benefit protection: 80 % of the policy death benefit up to a maximum of $ 300,000; However, as Chris mentioned in the article, our sincere expectation is that Genworth will not have to be liquidated nor become bankrupt, as we expect any number of other much better resolutions will occur.

But I believe that policy holder will not be given any choice, as it is the company which states clearly about the «jurisdiction area» in case of any legal disputes.

This is not the same as cancelling or surrendering the policy through the issuing insurer — and in many cases, the amount of cash that is received by the policy holder can be up to four times higher than what is in the cash value component.

Extra Life Option (Accidental Death Benefit): In case policy holder dies due to an accident, death benefit is paid as lumpsum along with extra sum assured

It is too easy to understand the regular Term Insurance Plans as the sum assured is paid to the beneficiary in case of the demise of the policy holder.

This certainly makes online health insurances cheaper and there is also less chance of payment related problems as the insurance company stays directly responsible to the policy holders and can not pass the blame on somebody else in case there is any problem with the policy.

• Income on death: In case of the policy holder's death the beneficiary will receive the sum assured as death benefit.

Health insurance policy holders need to be particularly careful as, in case any claim is filed while their Aadhaar card is not linked to their KYC documents, the insurers will have no choice but to reject the claim, even if all other conditions are satisfied.

The riders available of money back policy are as follows: • Critical Illness rider: This rider offers a guaranteed sum if the Insured is diagnosed with some critical illness including major organ failure, coronary diseases, different types of cancer etc. • Accident rider: In case the policy holder's unexpected death due to accident the nominee receives a sum assured • Disability benefit rider: This type is rider helps in case the policy holder is left paralyzed due to some major accident in his life.

In case of policy holder's death while the policy is in force, the next of kin / nominee is liable to receive a lump sum equal to the death sum assured as per the policy agreement.

In this case the insurer may advance 25 - 40 % of the death benefit of the base policy to the insured.It is necessary to note that the insurance company will deduct the amount he receives as the plus the interest from what the beneficiaries will receive on the policy holder's death owing to terminal illness

As per the above table, it is clear that premium for lesser term is more than that for higher term and total premium to be paid not to be confused with sum assured as it is minimum amount to paid to nominee in case of death of policy holder even single premium has been paiAs per the above table, it is clear that premium for lesser term is more than that for higher term and total premium to be paid not to be confused with sum assured as it is minimum amount to paid to nominee in case of death of policy holder even single premium has been paias it is minimum amount to paid to nominee in case of death of policy holder even single premium has been paid.

Endowment plan — This plan differs from term plan only in one aspect, the endowment plan makes a pay out in case of death of policy holder as well as in case of the maturity of the plan term.

The case of Niruvati kamble (policy holder) whose insured dumper was stolen on 16 July 2012 gave rise to a new regulation which stated that insurance companies have to pay the claim in the delay written intimation case as well.

As the name suggest, edelweiss tokio life triple advantage plan provide a triple time benefit in case policy holder cross the age of 75 years.

In this case, the person purchasing a policy on his or herself does not usually have to prove insurable interest — neither theirs nor the beneficiary, as it is also assumed that the policy holder believes the beneficiary would also rather the insured be alive.

In case of death of policy holder during the policy term, this policy provides 10 % of sum assured every year till maturity and on maturity it again provides 110 % of Sum Assured + Bonuses as maturity.

Critical Illness Benefit — In case if a policy holder faces a critical illness, the rider will help the person get a huge amount in return as part of his term plan.

Underinsured motorist coverage protects you as a covered policy holder from having to personally take care of the costs ordinarily paid by the other party in cases when you get into an accident and the negligent driver has no insurance.

In addition, the policy holder needs to submit any one of the following documents (as applicable) in case he / she opts for Auto Debit methods (ECS and Standing Instructions to Credit Card).

In case of death of the policy holder, the company waives off the insurance premiums as well.

ON DEATH: In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110 % of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.

In case, you decide to buy one more ULIP, the mortality charges can be higher as it is based on the age of the policy holder.

On the occurrence of insured event e.g. death in case of life insurance, Sum Assured is the guaranteed amount payable to the policy holder or her nominee, as applicable.

No claim bonus is rewarded to the owner of the vehicle who is currently the policy holder and haven't claimed anything in preceding year or years as the case may be.

Insurance21 Replied: 28-11-2017 19:13:06 In option 6, the purchase price is returned to the nominee of the policyholder in case of policy holder's death whereas in case of option 10, after policy holder's death his / her spouse starts getting same pension as long as he or she is alive and In case of spouse death nominee gets the purchase price returned..

In case of death during policy term of the plan, Bonus up to year of death & FAB along with Sum Assured will be paid as Death claim to Policy holder's nopolicy term of the plan, Bonus up to year of death & FAB along with Sum Assured will be paid as Death claim to Policy holder's noPolicy holder's nominee.

In case of death during policy term, Death Sum Assured + Bonus up to year of death + FAB will be paid as Death claim to Policy holder's nopolicy term, Death Sum Assured + Bonus up to year of death + FAB will be paid as Death claim to Policy holder's noPolicy holder's nominee.

Insurance21 Replied: 16-06-2017 09:46:42 In New Jeevan Anand 815, in case of death after maturity, policy holder's nominee will get an amount equal to sum assured as death claim amount.

Suppose if, unfortunate death of policy holder happens in year 2027 (at age 40), then by that time total premium paid will be Rs. 6,52,620 and nominee will get death claim as Rs. 19,20,000 in case of normal death or Rs. 31,20,000 as accidental death claim in case of death due to accident and policy will stop.

After taking Jeevan Shikhar policy as per above details, two cases are possible, In first case policy holder survives 15 years and collects maturity or in second case, unfortunate death happens before 15 years and nominee gets death claim amounts.

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