Sentences with phrase «claims during the policy term»

An aggregate limit is the maximum amount an insurance company will pay toward a claim during a policy term.

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.

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.

You pay one deductible per claim, in most circumstances, but every time you make a claim during a policy term, you will have to pay the deductible again.

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

Not exact matches

The Cato Institute gave Pataki a C for his fiscal policy during the three terms in office, [22] saying that he wasn't the fiscal conservative that he originally claimed to be and that he had become a «big spender».

There are very limited circumstances that allow an insurance company to cancel a policy for claims history or anything else other than misrepresentation and the like during the policy term.

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.

An occurrence policy covers claims resulting from an injury or other event that occurs during the policy term.

Insurer can reject the claim if the policyholder has some pre-existing disease which was not disclosed during the policy term.

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.

If you or your beneficiaries do not make any claims during the term the policy, it will typically expire worthless.

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.

While the injury must occur during the policy term, a claim that results may be filed during or after the policy period.

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

There are very limited circumstances that allow an insurance company to cancel a policy for claims history or anything else other than misrepresentation and the like during the policy term.

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

Term life insurance offers coverage for coverage for a specified period and, if you pass during the policy's term, the beneficiary will file a claim to receive the policy's death beneTerm life insurance offers coverage for coverage for a specified period and, if you pass during the policy's term, the beneficiary will file a claim to receive the policy's death beneterm, the beneficiary will file a claim to receive the policy's death benefit.

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

The claims - made policy form only covers claims made against the insured during the policy term.

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.

The General Aggregate Limit is the most money the insurer will pay under a certain coverage for all claims occurring during the policy term.

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.

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

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

This claim can be made only once during the policy term.

The insurer is not liable to pay any claim if the insured commits suicide during the policy term.

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.

Surrender Value: Surrender Values are only payable if no claims have been made during the policy period, and it is payable during the policy term.

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

Per Occurrence» & «Aggregate» liability limits: Your «Per Occurrence,» or «Per Claim,» limit refers to the total amount the insurance company will pay per incident during the Pennsylvania answering service insurance 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)

The plan returns all the premiums paid in case there is no claim from the policy holder during the policy term and upon survival

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.

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

Under this plan, you have an option to make claims up to 3 times during the entire policy term.

Only 1 claim will be paid for CI during the policy term.