Sentences with phrase «declared by an insurance company»

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

This may give you greater potential for growth compared to traditional universal life policies, where the interest rate is declared by the insurance company, particularly in a low - interest rate environment.

It can build cash value over time, based on an interest rate that is declared by the insurance company.

One account has a fixed interest rate that is declared by the insurance company periodically.

Many permanent life insurance policies are eligible for dividends, which are not guaranteed, if and when they are declared by the insurance company.

There are various types of bonuses declared by an insurance company.

Lump Sum Payment: If all of the payouts are in the form of monthly income, then this lump sum amount includes the bonus amounts that may have been declared by the insurance company.

The reversionary bonus is declared by an insurance company at the end of each year as a percentage of the sum assured.

Reversionary Bonus: This is an amount that is declared by the insurance company as a percentage of the sum assured.

In essence, it is a permanent insurance policy that combines term insurance with an account that earns a tax - deferred rate of return declared by the insurance company.

Whole Life Insurance — Whole life insurance offers a death benefit that is guaranteed, along with a cash value that grows based on a set interest rate that is declared by the insurance company.

Extra Bonus on Endowment Policy There are various types of bonuses declared by an insurance company.

You are likely to get two types of bonuses: a reversionary bonus that is declared by the insurance company each year as a percentage of the sum assured, and a terminal bonus that the company pays you for paying the premiums in a consistent manner

You get regular bonuses if declared by the insurance company.

The share of surplus declared by an insurance company in favour of the policyholders in «with - profit» policies.

I will also receive the value of a dividend if it is declared by the insurance company.

Policyholders of «With Profit» Traditional Endowment Policies are entitled to receive a portion of the profits / dividends as declared by the insurance company in the form of a bonus or guaranteed.

Not exact matches

Additionally, CARFAX may have crucial information about a vehicle even in the cases where a salvage title was NOT issued by a state motor vehicle agency, but was declared a total loss by an insurance company.

In case of Participating plans, the investment returns are primarily dependent on the bonuses declared over the Policy term by the life insurance company.

If there's a chance you may get medical expenses covered by your insurance company in the future, do not declare this deduction until you know whether the insurance company will reimburse you.

For a participating policy, such as whole life insurance, the ability to be eligible for dividends when they are declared by the company and optional methods by which dividends can be received.

Most policies have a 2 - year contestability period, which means during the first two years after buying life insurance, if it is found your insurance policy was issued under misrepresentation, withholding of information by the insured or the owner, or similar reasons, the insurance company can declare your insurance policy and any associated riders void.

After several years of fighting the court agreed with the claimant and declared that she was entitled to the disability benefits that had been unjustly denied by the insurance company.

Those guaranteed cash values are usually enhanced by dividends which are declared annually by the insurance company.

(iii) You further declare that you will notify in writing any change occurring in the occupation or general health of the life to be insured / proposer after the proposal has been submitted but before communication of the risk acceptance by the insurance company.

The surety or bond provider (insurance company) assures the project owner that the contractor will perform a contract by completing certain work to a declared standard.

Insured Declared Value, alternately known as IDV, is a Sum Assured, finalised by the insurance company, that is payable to the owner in case of theft or extensive damage to the bike during an accident.

If your car is declared a total loss, your insurance company will pay you for its value by using references such as the «blue book» and / or by consulting car dealers.

For a participating policy, such as whole life insurance, the ability to be eligible for dividends when they are declared by the company and optional methods by which dividends can be received.

For many, this meant their cars were unsalvageable and were declared a total loss by their auto insurance company.

The rate of interest is declared by the offering insurance company.

There is generally one fixed account, which gives an interest rate declared by the life insurance company, and multiple indexed account options.

A permanent life insurance product that builds cash value at an interest - crediting rate declared by the company.

The reversionary bonus is the bonus declared as a percentage of the sum assured every year by an insurance company.

The first is a reversionary bonus, declared at the end of each year by the life insurance company for its policies and added to the total sum payable to the insured at maturity.

Reversionary Bonus: This bonus is declared at the end of each year by a life insurance company for its various policies and added on to the total sum payable to the insured party on the maturity of the policy or to his or her nominees in case the insured does not survive the term of the policy.

Look - back period is the time taken by the insurance company to review if there is any pre-existing condition which you might not have declared before the commencement of the policy.

In whole life insurance policy policyholder is eligible to get bonus as and when declared by the company.

For Interruption of Trip, this Insurance does not cover: (1) war or any act of war, whether declared or not; participation in a felony, riot or insurrection; participation in contests of speed; a Pre-existing Condition existing prior to the Insured's departure from their Home Country that has the likelihood of causing death; the Insured Person or Traveling Companion or Traveling Companion's family making changes to personal plans; having business or contractual obligations; being unable to obtain necessary travel documents (passports, visas, etc.); being detained or having property confiscated by customs authorities; carrier caused delays (including bad weather); prohibition or regulatory by any government; default of yacht charter companies; default of the organization from which the Insured Person purchased their trip arrangements.

Bajaj Allianz was declared the «Best General Insurance Company in Private Sector» by ABP News in 2014.

In case of Participating plans, the investment returns are primarily dependent on the bonuses declared over the Policy term by the life insurance company.

Even any fraudulent activity like not declaring correct age can result in rejection of claim by the insurance company