Sentences with phrase «during a policy year»

A maximum of 12 switches is allowed during a policy year, subject to a minimum switch amount of Rs 5,000.

On acceptance of claim during any policy year, entire cumulative bonus earned shall be withdrawn in subsequent policy year.

There are an unlimited number of switches available during a policy year.

You can exercise this option up to 4 times during a policy year.

It is defined as the number of times that you decide to pay premium during the policy year.

The regain benefit provides automatic availability of basic sum insured upon exhaustion during the policy year.

The death benefit will be reduced by the total premiums falling due and unpaid during the policy year in which death occurs.

The insured can cancel the policy if there has not been any claims made during the policy year.

When the policy is discontinued during policy years of one to four, the holders of the policy would be charged in this range.

An individual health insurance policy offers coverage to an individual person up to a fixed sum insured chosen by the individual during a policy year.

This means the insurer will pay benefit for only up to 30 or 60 days during a policy year.

If the multiple family members are hospitalized during a policy year, you may fall short of sum insured available.

It means the available health cover or sum insured under the policy can be utilized by any of the insured members of the family to meet medical expenses incurred during a policy year.

You have the flexibility to change the Investment Option twice during a policy year and this facility is available free of cost.

Partial withdrawals are allowed after five policy years and up to a maximum of 2 partial withdrawals are allowed during a policy year.

You have the option to alter your portfolio strategy up to 4 times during a policy year.

Claim History: If you make no claim during your policy years, you can get discount which is called no claim bonus and it ranges from 10 % to 50 %.

Car owners holding valid insurance policies qualify for a concession / discount on future premiums at the time of policy renewal, if no claims are made during the policy year.

Scenario B - Death Benefit: In the event of death of Mr. Raman during any policy year, the higher of Basic Sum Assured less all Deductible Partial Withdrawals, 105 % of the total Regular / Single premiums paid, the Regular / Single Premium Fund Value, or 10 times of the annualized premium.

In case of death during the policy year, the available Sum Assured is paid towards loan repayment thus taking care of your loan.

Switching Charge: Only one switch is available free of cost during a policy year.

If your policy is payable by semi-annual or quarterly instalments - and one or more of the insured moves into a higher age bracket or one or more of the children becomes a paying insured during the policy year - your premium will change accordingly.

Ans: The documents mentioned below are required while changing the company name during the policy year:

You can avail premium redirection only once during a policy year.

Less mortality charges and rider charges (if any) due during the policy year in which death occurs, which were not recovered already

Switching charge: The policy allows 52 free switches during any policy year.

If the premiums paid during any Policy Year exceed the maximum amount permitted under the GPT, we will return to you the excess amount.

For Pet insurance, the excess must be paid by you for each illness or injury that is treated during the Policy Year.

This feature allows an individual to reinstate the basic sum insured, in case he has already exhausted the basic sum insured and multiplier benefit during the policy year.

The maximum claim limit during a policy year is limited to 10 % of Original Sum Insured and maximum claim limit during the policy term is limited to 30 % of Original Sum Insured for both Non-ICU and ICU benefits

Convertible to a permanent policy during policy years 1 — 5, without the need to demonstrate insurability.

If you don't claim on your car insurance during the policy year, you can usually earn a discount on your premium, known as a no claims discount, or no claims bonus.

Scenario B: Siddhartha dies during the Term of the Policy In the event of demise of Gautam during the policy year, his son (nominee) will receive the sum assured on Death of Rs 11,22,538.

The minimum partial withdrawal amount is Rs 5,000 and the maximum limit for such withdrawal during a policy year should not exceed 25 % of the total fund value available at the beginning of the policy year.

Annualized Premium is defined as the total premium payable during a policy year.

Insurance Company shall arrange and pay for a second opinion, on your request, from their medical panel for listed «Critical Illness» suffered during the policy year.

Switching Charge: First 4 switches are free of charge during a policy year.

In the event of demise of Mrs. Riya during any policy year, Rs 2 Lacs plus vested simple reversionary bonuses plus terminal bonus or 105 % of the total premiums paid is payable as the death benefit to the nominee.

So, above policy has accumulated Rs. 1,44,000 in three years (2014 - 16) and it is known as vested bonus and it will keep accumulating bonus for each year during policy year.

In the event of demise of Mr. Raman during any policy year, Rs 2 Lacs plus vested Simple Reversionary Bonuses and Final Additional bonus is payable as the death benefit to the nominee.

When you buy a plan, you need to pay the premium amount as determined by the insurance company and the insurance company is obliged to pay the permissible medical expenses up to an amount equal to the sum insured available during a policy year.

Partial Withdrawal: 2 free partial withdrawals are allowed during a policy year.

Scenario B - Death Benefit: In the event of his death during any policy year, the Death Benefit payable is higher of Sum Assured plus top - up premium, 105 % of the total premiums paid, Balance in your Individual Policy Account (IPA), or Total premiums paid.

Switching Charge: Four switches are available free of cost during a policy year.

Partial Withdrawal is allowed up to 2 times during a policy year and time interval between two withdrawals can not be less than 3 months.

Automatic restoration of the Sum Insured up to 100 % of the basic sum insured, in case of its exhaustion during a policy year.

If you exhaust the entire sum insured during the policy year, the same will be re-0instated up to a maximum of 100 %.

The documents mentioned below are required while changing the company name during the policy year: ROC (Certificate of Registration) Pan card copy

If you have been hospitalized for a period of more than 10 days, Convalescence benefit of Rs. 10,000 will be paid to you once during the policy year.