Sentences with phrase «during the policy»

A person can surrender at any time during the policy term period in case where the premium has been paid for a full three years time period.

The policyholder has the right to change the nominee or the details n - number of times during the policy term just by filing the required form.

One can surrender policy at any point of time during the policy period depending upon the conditions.

In case of unfortunate death of the life insured during the policy term, the sum assured as applicable shall be payable to the nominee.

In case of death during policy term, the nominee receives the sum assured under the plan.

In simple terms life insurance pays out a lump sum amount to the nominee in - case the insured dies during the policy term.

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

One can perform the process of changing the nominee any number of times during the policy tenure.

In case of unfortunate death of the life assured during the policy term sum assured shall be payable.

Additionally, you will be eligible for no claim bonus if you do not make any claims during the policy term of your bike insurance.

In the event of death of term insurance policyholder during policy term, the beneficiary can claim death benefits from the insurance company.

It covers claims for bodily injury or property damage arising out of your product or completed work, if the injury or damage occurs during the policy period.

In the event of the policyholder's death anytime during the policy term, the nominee receives the lump sum amount as promised at the time of purchasing the policy.

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

This is the monetary amount your nominees will receive in case of your demise during the policy period.

Note: In case, the life assured passes away during the policy period, the insurance company pays the sum assured to the nominee as per the payout opted by the policyholder.

They pay back the premiums paid during the policy tenure if you survive the policy term selected.

During any unfortunate death of the policy holder during the policy term the nominated person gets to receive the assured sum of the plan.

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

The mode of payment may be changed during the policy term if the policyholder provides a written request to the Company stating valid reasons for the change.

Buying a term life insurance provides you a life cover during the policy term.

It simply means, that on the first diagnosis of any of the listed 7 or 35 critical illnesses during the policy term, the critical sum assured is paid as lump sum.

If more than one person is covered under a single critical illness policy, each member qualifies to get cover once during the policy tenure.

In case the life assured dies during the policy duration, the nominee receives the death benefit, which will be higher of fund value or sum assured.

It pays the benefit only during the Policy term period.

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

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

The insurance company can not legally reduce your death benefit during the policy duration unless you agree to the change (you might want to do this to reduce your premium payment).

It offers defined benefits based on the nature of injury sustained by the insured person in an accident during the policy period.

For all other types, the insurance provides protection against against the insured event and compensate the policyholder in case of the occurrence of insured event during the policy coverage.

It ensures the customer that he / she gets coverage during the policy term and gets back 110 per cent of the paid premium.

If the policyholder can renew his policy and the rider cover, during the policy renewal period of 2 years as provided from the due date of the first unpaid premium.

Business income coverage typically provides limited coverage (perhaps $ 100,000) for a location you acquire during the policy period.

Child plans offer the benefit of waiver of premium, doing away with the premium obligation if the policyholder parent expires during policy tenure.

Cash value life insurance policies accumulate value during the policy holder's life.

So you know your rates will not increase during the policy period.

Some limit coverage to claims reported during the policy period.

In case of the policyholder's survival, additional bonuses accrued during the policy term are paid in addition to the sum assured.

You can opt for this type of rider during the policy issuance by paying an additional amount.

Under an occurrence policy, coverage is triggered (initiated) by an injury that takes place during the policy period.

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

Top - up is a one - time lump sum investment provision for you as an investor which can be used during your policy tenure.

Some policies are more restrictive, requiring claims to be made and reported to the insurer during the policy period.

If you pay other than monthly and you die during the grace period, the company will return all premiums paid except for those due during the policy month the death occurred.

The nominee also has an option to take the cash value of the death benefit at any point during the policy term.

Each accident is covered up to the policy limit during the policy term.

Partial withdrawal facility can help safeguard the child's financial future by not impacting the long term financial plan with its partial liquidity options during the policy tenure.

Offers flexibility to opt for this rider during the policy issuance or the policy anniversary under the base plan.

A traditional money back policy returns money during the policy tenure.