Sentences with phrase «claim in a single policy»

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.

Not exact matches

In fact, you'd have to have a policy for roughly the next century without a single claim before you paid in as much as the policy would pay ouIn fact, you'd have to have a policy for roughly the next century without a single claim before you paid in as much as the policy would pay ouin as much as the policy would pay out!

A new study finds that filing a single claim on your home insurance policy could result in a hefty rate increase.

We found that consumers are often unaware that they even have the policy when it's paid upfront as a single premium and in some cases it means that the total amount that the consumer is paying is more than they will ever receive or could ever receive if they made a claim.

The Appeals Court approved the trial judge's analysis and dismissal of all of the insured's claims, premised on his observation that as used in Massachusetts standard fire insurance policies and G.L. c. 175, § 99, the term «actual cash value» did not import a single standard for determining the value of insured property.

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.

A per - claim limit is the maximum amount of money that the insurer will pay out in the event of single claim, so for example if you have a $ 5,000 per - claim limit on your policy.

So for example, if you are quoted a 25/50 limit for bodily injury, it means that the insurance policy will cover up to a maximum of $ 25,000 per person injured in an accident and a total of $ 50,000 in claims for a single accident.

Threshold / deductable limit is an aggregate deductable which the customer has to pay either from his pocket or through other Mediclaim, beyond aggregate deductable (crossed in single claim or in multiple claims in a policy year) full claim amount will be paid by HDFC Ergo General Insurance.

No claim bonus (NCB) is a discount in premium offered by insurance companies if the owner of a vehicle has not produced a single claim throughout the motor insurance policy term.

The deductions that have been claimed earlier shall become taxable if life insurance policy is terminated by any failure on the part of the policy holder to pay premium or by notice for single premium policy in two years since the date of commencement and for regular premium policy for which premiums have not been paid for more than two years.

Per - claim coverage is the total amount insured in the event of any single claim made under the policy for example; if you have a per - claim insured amount of $ 20,000 and you make a claim for $ 30,000 you would need to pay the excess $ 10,000 yourself irrespective of the per - policy limit.

Whether you're single, married or divorced, as a renter in Buffalo you need the protection of a good renters policy to safeguard you from the potential damage that could accompany any number of claim events.

Insurance may sound like a gamble, but always keep in mind that even if you pay for homeowners coverage for years without filing any claims, a single claim against the policy can save you far in excess of all the premiums you had ever made.

So, please advice if there is any issue in holding 3 different policies for a single person — will it lead to any issues at the time of the insurance claim?

Their website is set up so that policy holders can view their policies, submit claims and receive payment information with a single log - in.

The premium paid in excess of this amount can not be claimed as deduction.Single premium life insurance policies should not exceed 10 % of the sum assured or the sum assured should be at least 10 times the single premium paid.

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.

In case of death of policy holder before 15 years or date of maturity, 10 times of single premium paid (excluding Service Tax) + Loyalty Addition will be death claim amount.