However, the plan ensures that 80 % of the premiums paid, without any interest, are returned to the nominees, in the event of the life insured committing suicide within one year of the insurance
coverage commencement.
If the policyholder commits suicide within one year from the insurance
coverage commencement date, the insurance policy will be cancelled and no benefits will be paid out to the nominees of the life insured.
What this means is that an insurance company or agent has the right to contest payment of death benefits and void payout of such if the owner of the policy dies within the first 2 years of policy
coverage commencement.
Benefits are not payable under the policy for any covered stage of cancer or if the life insured dies within 6 months of the policy
coverage commencement.
Not exact matches
Every year at Liberty University at least some students, as do students at
commencement ceremonies everywhere, express disagreement with the school's choice of speaker, but never has their discontentment been so amplified by both national media
coverage and the power of social networking.
From a sunrise flyover of the
commencement tent, to the complete
commencement video, to a slideshow of still pics, to the senior awards and the local newspaper
coverage
If you and your veterinarian weren't aware of a condition before obtaining the policy, chances are it will be insured, unless it manifests itself prior to the
commencement of
coverage.
If at the
commencement of tour services the passenger is unable to document valid insurance
coverage, your tour leader may refuse to provide the tour services unless and until such insurance is purchased.
The company also provides for
coverage of pre-existing diseases, subject to expiry of 11 months of the date of
commencement of the policy.
Provision for
coverage of additional luggage based on deceleration provided prior
commencement of journey.
Policy can be withdrawn within 15 days from the date of
commencement of the
coverage.
No
coverage is given during the waiting period which is usually first 30 of policy
commencement.
As soon as the policyholder has paid the premium, the contributors are covered for a tenure of 365 days from the date of
commencement of the
coverage.
Plan: Jeevan Saral Sum Assured: 5,00,0000 date of
Commencement: 26/12/2009 Policy Term: 21 Yrs Premium Amount: 24,020 Scenario - 1: I have paid premium for 7 years now, will I get my maturity amount along with Loyalty Bonus if I surrender my policy now or is that I get loyalty bonus only after premium payment for 10 years, If So If I am Surrendering my policy this year, How much will I get as Maturity Amount, Appreciate if you can calculate and let me know the exact figure Scenario - 2: If I Paid up my Policy instead of Surrendering, How much will be the insurance
Coverage or Sum Assured, In paid up I think I will not get my money back but would like to know by how much amount will my insurance
coverage gets reduced from 5 lakhs?
Co-pay applies, in case the insured person is aged over 55 years at
commencement of the policy, continuous
coverage incepts in the policy, who does not have 4 years of continuous policy
coverage, company pays 80 % of the admissible claim amount, or Sum Insured whichever is less will be paid.
There is a waiting period of 90 days from policy
commencement or revival for the
coverage of the specified illnesses and payment of the benefit.
Standards of
coverage,
commencement dates, exclusions and limits on
coverage are set by government to ensure clarity and a consistent base - level of consumer protection.