Sentences with phrase «charge during the policy period»

No change in Third party liability premium or service charge during the policy period.

Not exact matches

TFA in particular has been a policy lightning rod, given its limited upfront training, aggressive expansion during a period of significant teacher layoffs, and fees it charges to school districts with which it contracts to place teachers.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

If you fail to revive your policy during the allotted period then the surrender value of the same is paid to you but surrender charges are deducted from the same.

Surrender Charge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge free aCharge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge free acharge period in excess of any surrender charge free acharge free amount.

If an injury or illness occurs during the period of coverage and the insured person requires medical or surgical treatment, this plan will pay, subject to the co-insurance and selected deductible, reasonable and customary charges for the following covered expenses, up to the selected policy maximum.

An MVA only applies when the policy owner surrenders or makes a withdrawal from the contract that is greater than the surrender charge free withdrawal amount during the surrender charge period.

Often, whole life policies come with a surrender charge period, during which you would pay a penalty if you surrender your policy.

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediately.

Depending on the period chosen, withdrawals during the 3, 4, 5, 6, or 7 years of the policy may be subject to surrender charges.

When you receive an insurance quote and purchase an insurance policy from us, you have a fourteen - day period during which you can change your mind and withdraw from the contract without any penalty however you may be charged for any time you were covered for prior to this.

A Market Value Adjustment (MVA) is a positive or negative adjustment to the policy's accumulation value, or the amount received in a withdrawal, when a partial withdrawal or full surrender is made during the surrender charge period and the withdrawal or surrender exceeds the policy's surrender - charge - free withdrawal amount.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

If you convert to a permanent policy during the conversion period, you won't be required to take another paramed exam, although you'll probably be charged a higher rate.

If you cash in the policy during the surrender period listed in the contract, you may end up with much less than you expect due to the fees charged by the insurer for early termination.

During the settlement period, i.e. if, after maturity of the policies, settlement option is selected, policy administration charge of Rs. 40 per month will be deducted.

1 - During the policy period, suppose I met with an road accident, say a car rammed my bike -LRB-: — RRB --RRB- and fortunately a didn't die and is hospitalised then will the insurace company took care of my hospitalization expenses incurred for things like surgery, medicines, room charge, etc. (of course subject to sum assured)

If the policy is cancelled during this period, the policyholder will get the fund value and the total unallocated premiums, after deducting the proportionate risk charges.

On cancellation of the policy during the free look up period, all the premiums paid under the plan are returned to the insured after making the required deductions of policy administrations charges, stamp duty, medical expenses, if any, etc..

On surrender during the lock - in period of first 5 years of your policy, the Fund Value less the discontinuance / surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy fund (maintained by the Company), and the risk cover under the policy shall policy, the Fund Value less the discontinuance / surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy fund (maintained by the Company), and the risk cover under the policy shall Policy fund (maintained by the Company), and the risk cover under the policy shall policy shall cease.

On surrender during the lock - in period of first five years, the single premium fund value, less the discontinuance / surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.

The policyholder has the right to select his own funds and also to change the funds at anytime during the policy period (subject to charges, if any).

The charges levied while terminating the policy during the surrender period are called Surrender Ccharges levied while terminating the policy during the surrender period are called Surrender ChargesCharges.

You may be charged a surrender fee if you cash in your policy during a certain initial period of time, such as 10 or 20 years.

In order to be eligible for coverage under the Continuation of Treatment Period provision, the Insured Person must be covered by an insurance policy, benefit plan, or Other Coverage for expenses or charges incurred by the Insured Person, and the Other Coverage remains in effect during the duration of coverage with the Company.

During this period, the insurance company will continue to deduct charges other than mortality and morbidity from the policy.

Hi Nagendra, ULIP's charge high expenses during the initial period of insurance policy, hence you would see that your investment is low compared to what you have invested.

Hi Josh, I am against ULIP policies as they charge high charges during initial period and your investment amount would get reduced to that extent.

If this Policy is surrendered during the Lock in Period, the Fund Value to the Pension Discontinuance Policy Fund is credited after deducting the applicable Surrender Charges.

Unlike regular term policies, return of premium term life insurance rewards you for keeping the policy by giving a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the level term period if the policy is then in force.