Sentences with phrase «claim during any policy year»

Claim History: If you make no claim during your policy years, you can get discount which is called no claim bonus and it ranges from 10 % to 50 %.

If you don't make any claim during the policy year.

On acceptance of claim during any policy year, entire cumulative bonus earned shall be withdrawn in subsequent policy year.

NCB (No Claim Bonus)-- Discount provided to the policy holder if he does not make any claim during the policy year.

Your Mahindra Bolero car insurance companies will reward you with a hefty bonus for counting zero claims during the policy year.

No claim bonus: An individual health insurance plan offers No Claim Bonus (NCB), when you make no claim during a policy year.

NCB Protect ensures that your No Claim Bonus (NCB) is still valid even after you raise claims during a policy year.

Not exact matches

It took a 9 - year campaign to prompt a change in Nestlé's policy — which it announced during a week of demonstrations at its factories and offices across the UK (claiming with typical shameless public relations spin that it was «taking the lead»).

In fact Stephen Beer claimed Labour needed to respond to the tough decisions it faced on the economy, outline an economic plan for the future rather than a retrospective attack on Coalition policy and most importantly close the economic credibility gap that was first conceived and then grew during Labour's last years in office.

If the company finds you lied about a health condition or lifestyle, it can raise your premium, cancel your policy or deny a beneficiary's claim to the death benefit, particularly during the two year contestability period.

This means that only those claims that are actually reported to Lawyers Mutual during the one - year policy period will be eligible for coverage, regardless of when the mistake occurred.

If you have not claimed during the year of policy, you may get a discount for the next policy term.

In the event you were to die and / or the company discovers the answers provided are not accurate during the contestibility period (typically 2 years from the start of the policy), the policy can be cancelled and any claim denied.

Life insurance policies have a two - year «contestability period,» during which the life insurance company can refute a life insurance claim, or can drop the policy if the insured is found to have misrepresented anything from health status to a risky lifestyle, certain health habits such as smoking or severe depression.

At the same time, we are deeply encouraged with having issued more than one crore policies during the year which is a testimony to the trust reposed by our customers in our service standards and claim processing capabilities.»

Free Medical check - up once at the end of every three underwriting years provided no claims reported during the block and subject to policy renewed without any break.

The restored sum Insured can be utilized only for claims for new illness or disease for the insured person during the same policy year.

If the policy has been in force less than two years during the contestable period of the life insurance policy, then an insurance company may investigate the claim and then deny a claim for life insurance if suicide is the cause of death according to the NAIC.

However, after the two year contestability period, the insurance company loses the right to question or deny the policy and death claim even if they find out that the insured person lied during application.

But Money Adviser says that only 6 % of people make a claim during a five year period of having a policy, so the likelihood that you would is tiny.

The maximum claim limit during a policy year is limited to 10 % of Original Sum Insured and maximum claim limit during the policy term is limited to 30 % of Original Sum Insured for both Non-ICU and ICU benefits

Every life insurance policy contains a two - year contestability period, during which the company can deny a life insurance claim if it can show a material misrepresentation of the facts on the application.

If no claim has been made during the first policy year, the Original Sum Insured opted for at the inception of the policy shall increase by 10 % p.a. starting from the first policy anniversary

On your online bike insurance renewal, you are eligible for NCB if you didn't make any two wheeler insurance claim during the previous policy year.

'' form provides liability coverage when a claim is first made during the existing policy period for an injury or damage incurred within the policy year or prior.

If a person died after 6 months of buying the term insurance policy, but claim it after completing of 3 yrs of policy starting date, and had paid all the premiums on time for three years.but he has not informed about the death of person insured to the company during the three year period.it is possible to get claim settled??

Usually a guaranteed issue policy will not pay a claim if a death occurs during the first two years of the policy.

Insurers will not be permitted to revise premium rates during the three - year policy term, even if insured makes a claim during the period.

The «claims made» form provides liability coverage when a claim is first made during the existing policy period for an injury or damage incurred within the policy year or prior.

During policy renewal, you can enjoy 5 % discount on renewal premium for every claim - free year up to a maximum of 25 % NCB discount.

If the company finds you lied about a health condition or lifestyle, it can raise your premium, cancel your policy or deny a beneficiary's claim to the death benefit, particularly during the two year contestability period.

During the first two years your policy is in effect, an insurer can investigate a claim.

The sum assured of the policy annually increases by 10 %, in case no claim has been made during the year.

In case of death during after 5 years of the policy: Death Claim will be Sum Assured + Loyalty Addition.

In case of death during First Five Years of the policy: If Death happens before completion of 5 years, then sum assured will paid as death cYears of the policy: If Death happens before completion of 5 years, then sum assured will paid as death cyears, then sum assured will paid as death claim.

They can deny the life insurance claim if the insured committed suicide during the 1st two years that the policy is in force.

This payout is in addition to the lump sum payout, even if the claim arises during the last 4 years of the policy.

There might be additional restrictions placed such as only one claim (ICICI iHealth Plus) during the policy year.

The insured can cancel the policy if there has not been any claims made during the policy year.

This policy is of 3 years tenure during which there will be no change in the premium amount irrespective of the claim and after completion of three years revised premium needs to be paid.

This can be used once during the entire year or for up to 2 claims during the policy term.

If you don't make any claim during a previous year or consecutive policy years, you become eligible to get the benefit of No Claim Bclaim during a previous year or consecutive policy years, you become eligible to get the benefit of No Claim BClaim Bonus.

Although the policy term ranges from 1 - 5 years, but still you can make a claim only once during the term.

With the Restore benefit if one of the family members consumes the floater sum insured (annual coverage) during the policy term, the policy will restore the entire amount with no extra premium charged thereby covering every unrelated claim in a single policy year.

Occurrence Policy: Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years Policy: Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years policy term, even if they are filed many years later.

On death during First Five Years of the policy: If Death happens before 8 years of Age, then death claim amount will be single premium (excluding Rider premium and GST) without any inteYears of the policy: If Death happens before 8 years of Age, then death claim amount will be single premium (excluding Rider premium and GST) without any inteyears of Age, then death claim amount will be single premium (excluding Rider premium and GST) without any interest.

In case of death during policy term (Before 20 years), Death Sum Assured + Bonus + Final Addition Bonus as (Normal Life Cover or death claim) will be payable to nominee.

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.

On completion of 12 years term, maturity will be Sum Assured + Loyalty Addition (LA) and in case of death during the policy term, 10 times single premium (excluding rider premium and GST) + Loyalty Addition (LA)(if any) will be death claim amount.