Sentences with phrase «duration of the policy period»

To treat the policy like a business, it is essential that the policy loans be repaid (with interest / or at a minimum the interest must be paid) and it is advisable that premiums continue to be paid through the duration of the policy period (rather than allowing the cash value to pay the premiums).

These tend to offer full or almost - full salary for the duration of the policy period or disability, whichever ends first.

The insurance premium is guaranteed not to increase for the entire duration of the policy period.

If you sign on to a typical 12 month auto insurance plan, you are pretty well stuck with that particular insurance provider for the duration of the policy period.

Not exact matches

A former senior policy advisor to the White House and the US Department of Education, Smith cautions that while alternative repayment options can be beneficial, they can be extremely expensive since you pay interest for the duration of the extended repayment period.

Term plan provides risk coverage for a certain period of time (policy term / duration).

Each policy has a guaranteed level premium for the duration of your term period, and reapplication is an easy process when your term is over.

Going forward, if we stick with climatology and its 30 year averaging period then in order to provide policy makers with information about the outcomes from their policy decisions we need to come up with independent variable and dependent variable time series that are of much greater duration than the HADCRUT3, for 150 observed events is about the bare minimum for a statistically validated model that predicts with statistical significance.

The policy in place at the relevant time was that mothers were paid at an enhanced rate for up to 26 weeks of shared parental leave, (and at the statutory rate for 13 weeks thereafter) but there was no equivalent benefit for fathers, who were only entitled to statutory shared parental pay for the duration of their period of leave.

If you are totally or partially disabled as defined in the policy, the insurer will pay you a monthly income benefit for the duration of the benefit period, after the elimination period has ended.

A term policy conversion can be requested at any time within the duration of the guaranteed level premium period — up to the attained age of 70 — whichever comes first.

The Level Premium Term and Spouse Level Term option offers up to $ 2.5 million in life insurance coverage for the member and his or her spouse at a rate that will not change over the duration of the ten or twenty - year level period policy.

Insurers can also voluntarily opt to provide such a free look in period even in health insurance policies of duration less than three years, IRDA said.

The duration of coverage typically lasts anywhere from 10 to 30 years, although policies with coverage periods of less than 10 years can be found as well.

The premium for extension of Policy duration will be difference of full extended period premium minus premium received till date.

Automatic extension: - This extension is over and above extension of the SBI Travel Insurance Policy duration after prior approval for a period not exceeding 7 days if necessitated by delay of public transport services beyond the control of the Insured person.

Backpackers usually travel for an extended period of time, and a standard travel insurance policy will not be sufficient to get them covered for the entire duration of their trips.

You will receive benefits for the duration of the benefit period for as long as you fit your policy's definition of disabled.

However, all travelers should read their policies thoroughly, especially the fine print, because they may contain information about policy cancellation, administrative fees, duration of «free look period», and other important details.

The duration of coverage can range from a week to two years, and this makes backpacker insurance policies attractive even to those who want to spend an extended period of time visiting friends or relatives in foreign countries.

The insurance protection starts on the day on which the insurance policy is issued, and ends at the end of the rental period, the course or the seminar (maximum duration: 3 years).

Policy term is the maximum duration of the initial coverage period offered by the plan.

The amount you pay once coverage begins is the exact amount you'll pay throughout the duration of your policy, period.

Life insurance rates are based on your life expectancy, the face amount you request and the length of the policy, whether it's the duration of your life (permanent life) or a specific period (term life).

Term life insurance does offer the benefit of premiums that remain the same throughout the duration of the policy and a death benefit for a specific time period.

Level term life insurance is a term life insurance policy that keeps your rates fixed for the duration of the term period.

You select the «term» of your policy, which is the duration or period of time your life insurance protection will last.

For traditional whole life insurance, the amount and duration of premium payments are the same for as long as the insured is alive, but some whole life policies allow you to pay premiums in a single installment, or for a shorter period such as 20 years or until age 65.

With most policies, the premium is going to remain the same through the duration of the term, so if you purchase a 30 - year term policy, the premium you pay wouldn't increase during that 30 year policy period.

Term plan provides risk coverage for a certain period of time (policy term / duration).

Term life policies are temporary and only cover the insured individual (s) on the policy for the duration of the term period, which can be as little as 3 months and as long as 5, 10, 15, 20, 25 or 30 years.

Step 3: Choose the number of years (Payout Period) for which the regular income is to be paid to your nominee, in case of death of the Life Assured Step 4: Choose the duration of cover (Policy Term) and Premium Payment Term as per your convenience.

Apart from accident related loss, health insurance policies have a waiting period for first 30 days and the illness contracted during this duration from the commencement of the policy is excluded.

Disability insurance is meant to last the duration of the period you can't work as a result of an injury or illness, which could mean until you reach the age of retirement if you buy a long - term disability insurance policy.

The premiums for this policy may be paid for short durations of five, ten or fifteen years while life cover is given for a longer period.

F you are unhappy with the policy you buy, you could, at all times, return it for the duration of free look - in period.

Insurance premium can either be paid for the duration of the policy term under the Regular Pay option or for a short period under the Limited Pay option

You remain being covered even after the policy matures for a period half the duration of the actual policy coverage period, for half the amount of the Basic Sum Assured.

In order to be eligible for coverage under the Continuation of Treatment Period provision, the Insured Person must be covered by an insurance policy, benefit plan, or Other Coverage for expenses or charges incurred by the Insured Person, and the Other Coverage remains in effect during the duration of coverage with the Company.

Term life insurance is cheap because it only pays out if death occurs during that period of time covered by the duration of the policy term.

Before selecting the «term» (duration for your life insurance policy to last, make sure you consider how long you really need insurance — for a period of 10, 15, 20, 25 or 30 years to meet your specific needs.

The duration of a temporary policy can be any period of lesser duration, even one day.

With term insurance the insured employee receives insurance coverage for a specific period of time, which is known as the «term» (duration) of the insurance policy.

If you will buy a life insurance policy at the age of 25, then you can enjoy the coverage benefits for a longer duration say for almost 45 years where as if you buy a life insurance policy at the age of 35, your coverage period will be less than 35 years (in both cases the maximum maturity age of the plan being 70 years).