Sentences with phrase «date of inception of the policy»

Suicide Exclusion: If the life assured commits suicide, whether sane or insane, within 12 months from the date of inception of the policy, 80 % of the premiums received (excluding extra mortality premium) will be payable.

In case of death due to suicide within 12 months from the date of inception of the policy or from the date of revival of the policy, the nominee or beneficiary of the Policyholder shall be entitled to Fund Value / Policy Account Value, as available on the date of death.

Having said that, if the life assured commits suicide within the first 12 months from the date of inception of the policy or the date of revival of the policy, then there is no payout.

Suicide exclusion: If the life assured commits suicide within 12 months from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

Suicide: If the life assured commits suicide within one year from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

If the life assured commits suicide within 12 months from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

A waiting period of 15 days from the date of inception of policy is applicable in the first policy year.

Suicide Exclusion: If the Life Assured commits suicide within 12 months from the date of inception of the policy, the nominee or beneficiary shall be entitled to higher of 80 % of the premium paid or Surrender Value.

Most companies would not pay anything in the event of the insured committing suicide within twelve months from the date of inception of the policy.

In case of death of life insured due to suicide within 12 months: i. From the date of inception of the policy, the nominee or beneficiary of the Policyholder shall be entitled to 80 % of the premiums paid excluding any payment for taxes and extra premiums, provided the policy is in force or ii.

If the policyholder, whether sane or insane commits suicide during the first year from the date of the inception of the policy, then the nominee is not entitled to receive any sum assured.

Under this plan the risk will commence immediately from the date of inception of policy.

Suicide Exclusion: If the life assured, whether sane or insane, dies due to suicide within 12 months from the date of inception of the policy (effective date of risk commencement) or the date of revival of policy, the policy shall terminate immediately.

If the Life Assured commits suicide for any reason whether sane or insane within 12 months from the date of inception of the Policy or within 12 months from the date of Revival / Reinstatement of the lapsed policy, the company will not be liable to pay the benefits under the policy other than what is specified below:

A free look period of 15 days is given to the policyholder from the date of inception of policy bond, in case the policyholder is not satisfied with the terms and conditions of the rider, he / she can return it stating the reasons of objections.

If a policyholder is not satisfied with the «Terms and Conditions» of the policy, he / she may return the policy to the Corporation within 15 days (30 days if this policy is purchased online) from the date of inception of the policy stating the reason of objections.

If death occurs within one year from the date of inception of the policy provided and policy is in force: 80 % of premium is paid and the policy terminates.

Date of vesting - It is applicable only if the age of assured is below 18 years on the date of inception of the policy.

From the date of inception of the policy, your nominee or beneficiary shall be entitled to at least 80 % of the premiums paid, provided the policy is in - force.

All micro variable life insurance products shall have a lock - in of five years from the date of inception of the policy.

If death occurs due to suicide within 12 months from the Date of inception of the Policy or within 12 months from the Date of Revival of the Policy, the death benefit is refund of 80 % of the premium (s) paid (excluding taxes) provided the Policy is In Force.

If death occurs due to suicide within 12 months from the date of inception of the Policy or within 12 months from the date of reinstatement of the Policy, death benefit is refund of 80 % of the premium (s) paid provided the policy is in - force.

Suicide exclusion: In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the policyholder shall be entitled to 80 % of the premiums paid.

Whenever an insured is diagnosed with a listed critical illness (Post the Survival Period is completed from the date of diagnosis or the Initial waiting period is completed from the date of inception of the policy) a lump - sum amount is paid to the insured.

a) From the date of inception of the policy, the nominee or beneficiary of the policyholder shall be entitled to 80 % of the premiums paid excluding any payment for taxes and extra premiums, provided the policy is in force or

In case of death due to suicide within 12 months from the date of inception of the policy or from the date of the revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to the fund value, as available on the date of death.