Sentences with phrase «committed by policyholders»

The fourth type of car insurance fraud is committed by policyholders.

In case of linked plans, if the suicide is committed by the policyholder within 12 months from the start of the policy in the course of the policy term, then the nominee is eligible to receive 100 % of the policy fund value.

Not exact matches

They commit investors to shorter terms and expose policyholders to losses beyond a protection buffer offered by the insurer.

Residents only: The Granite State is known for some of the cheapest auto insurance rates in the country, so to thwart those trying to commit insurance fraud by living elsewhere and insuring their vehicle here, the state requires policyholders to sign a residency statement.

If the annuitant commits suicide, no benefit will be payable but if the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominee

But if suicide is committed within one year by the policyholder then the company will be liable to refund 80 % of the premium and all rights, benefits, and interests under this policy will nullify.

Suicide: In case the insured commits suicide within the first year of the iMaximize Single Premium plan, the policy will terminate immediately and the fund value till date will be paid out to the beneficiary chosen by the policyholder.

If the policyholder has committed fraud or misrepresentation, then the policy will be immediately cancelled by refunding the applicable Surrender Value.

If the policyholder commits suicide within 12 months of the revival period, then the Surrender Value or 80 % of the premiums paid by the policyholder is received.

Suicide clause - 80 % of the amount paid by the policyholder is returned if he commits suicide before 1 year.

So if the policyholder commits suicide before 12 months of the commencement of the policy, then no any claim will be paid by the company and the insurance policy will become void.