Sentences with phrase «claim during the term of the policy»

Not exact matches

If you die during the term of your life insurance policy, or you are diagnosed and are eligible to claim for a terminal illness, a lump sum will be paid.

For example, the Ontario Court of Appeal in Paquette v. TeraGo Networks Inc. 6 found that a term in a bonus policy that required the employee to be actively employed when the bonus is paid, without more, is not sufficient to deprive an employee of a claim for compensation for the bonus he or she would have received during the notice period.

The Court found that a term in a bonus policy that requires active employment when the bonus is paid, without more, is not sufficient to deprive an employee terminated without reasonable notice of a claim for compensation for the bonus he or she would have received during the notice period, as part of his or her wrongful dismissal damages.

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

Claims - made Form - A type of liability insurance form that only pays if the both event that causes (triggers) the claim and the actual claim are submitted to the insurance company during the policy term

The claim is not covered under your occurrence policy either, since Ed's injury did not occur during the term of that policy.

You can earn big discounts on premiums if you don't make claims during the term of the motor insurance policy.

In the event of death of term insurance policyholder during policy term, the beneficiary can claim death benefits from the insurance company.

Cost of Living Adjustment (COLA): Individual disability income policies generally offer a cost of living rider that will increase benefits for inflation during a long - term claim.

In the event of the death of the policy holder during the term of the policy, the beneficiary can claim the proceeds of the death benefit.

Bill's injury took place during the term of the first policy (January 1, 2016 until January 1, 2017), so that policy would respond to the claim.

The claim was made during the term of the second policy, so that policy would apply.

For a claim to be covered, it must be made against an insured during the term of the policy.

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

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??

The occurrence form covers bodily injury or property damage claims that occur during the policy term, regardless of when the claim is reported.

If the insured person does not die during the term, the insurance company retains the premiums paid throughout the life of the policy, no insurance claim is filed and no death benefit is paid out.

In case you do not make any claims during the policy term, you are eligible to receive a No - Claim Bonus at the time of buying a new policy or renewing the existing one.

In case of death of insured during the policy term the insurer settles the claim by paying Sum assured along with bonus.

When the person assured dies during the Term of the policy i.e. before the date of maturity, proceeds under the policy as a claim, is payable to the beneficiary which is called a Death claim.

Free Look Period: If the insured has not made any claim then he / she can cancel the policy within the free look period of 15 days.The free look period is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and conditions.

If however, you pass away during the policy term without having had to claim for the critical illness Sum Assured, your family would be paid the Sum Assured of Rs. 60 lakhs.

Multiple claims are allowed during the full policy term, up to a total payment of 300 % of the Major Surgical Benefit Sum Assured.

For example, when you consider a policy with an individual limit of $ 1 million and an aggregate limit of $ 4 million, this policy will provide a maximum of $ 1 million per claim and $ 4 million for all claims during a policy term.

On the other hand, the insurance company promises to pay the claim which arises due to either death of the insured during the policy term or on maturity of the policy contract (whichever is earlier).

(Note: In the event of death of the Life Insured while the policy is in force, during the policy term, subsequent to the Critical Illness claim, the Reduced Base Sum Assured (i.e. Base Sum Assured less Critical Illness Sum Assured) is payable and the policy gets terminated)

In the event of death of either of the insured (husband or wife) during the policy term, the death benefits are paid top the surviving life insured which is 100 % of the sum assured once the claim is accepted.

Non - Linked / Traditional Life Insurance Plans - In case of non-linked plans, the nominee is entitled to receive 80 % of the premium paid in case of death claim due to suicide even within 12 months from the commencement of the policy during the policy term.

In case of death during the policy term 10 times of Paid premium + Loyalty Addition (if any) will be death claim amount.

In case the Master Policy is issued under Lender - Borrower category to any of the «Regulated Entities», the Member shall have an option to issue an authorization in favour of insurer to the effect that in the unfortunate event of the Member's death during the Coverage Term, the claim amount, if any payable under the Master Policy shall first be utilized for payment to Master Policyholder for the outstanding loan amount as specified in Master Policyholder's Credit Account Statement and the balance amount, if any, payable under the Master Policy will be payable to the Member's Nominees / legal heirs or legal representatives (as applicable).

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.

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.

In case of death, during policy term and before date of maturity, 10 times of single premium paid (excluding GST) + Loyalty Addition will be death claim amount.

Fearing the loss of coverage for those who file up to three insurance claims during the term of their homeowners policy, the New Hampshire Association of REALTORS ® is backing legislation that would prevent insurers from pulling the plug when the homeowners» policy comes up for renewal.