Sentences with phrase «from date of commencement of policy»

1) Mr.Prasad dies after 5 years from the date of commencement of policy.

2) Mr.Prasad dies due to accident after 5 years from the date of commencement of policy.

On death within 5 years from the date of commencement of policy: Sum assured i.e. 10 times the single premium (net of service tax) excluding any extra premium charged would be payable

For single premium, Surrender Value can be acquired from the date of commencement of the policy.

Date of commencement of risk: In case the age at entry of the life insured is less than 8 years, the risk cover is available either one day before the completion of 2 years from the date of commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier.

After completion of 1 year and 11 months from the date of commencement of the policy, the death benefit is the same as for entry age of 5 years and above.

For Life Insured with entry age below 5 years: For minor lives, where the entry age is below 5 years, in case of death during the 1 year and 11 months from the date of commencement of the policy, 105 % of total premiums paid till date of death.

Date of commencement of risk In case the age at entry is less than 8 years, the risk will commence either one day prior to the completion of 2 years from the date of commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier.

This bonus is added from the date of commencement of the policy until completion of the chosen policy term or death, whichever occurs earlier.

This bonus amount is added from the date of commencement of the policy till death or completion of the policy term, whichever is earlier.

In the form of maturity claim on completion of age 80 years or on expiry of term of 40 years from date of commencement of the policy whichever is later.

Sum assured plus accrued bonuses and the terminal bonuses, if any, on the policyholder attaining age 80 years or on expiry of term of 40 years from the date of commencement of the policy whichever is later

In case the surrender of the policy within 3 years from the date of commencement of policy, then the Policyholder's Fund Value shall be converted into monetary terms.

No amount shall be payable within 3 years from the date of commencement of policy.

i) where the policy is not revived during the period of revival, the policy shall be terminated after completion of 3 years from the date of commencement of the policy or on expiry of revival period, whichever is later.

In case of death of the life assured after the date of surrender but before the completion of 3 years from the date of commencement of policy the monetary value payable on completion of 3 years shall be payable to the nominee / legal heir immediately on death.

Every month, the appropriate number of units are canceled from the Unit Account starting from the date of commencement of the policy.

If the age at entry is less than 8 years, the risk will commence either one day before the completion of 2 years from the date of commencement of the policy or one day before the policy anniversary coinciding with or following the completion of 8 years, whichever is earlier.

If the Life Assured commits suicide for any reason, while sane or insane, within 12 months from the date of commencement of this policy or the date of any revival of the policy this policy shall be treated as null and void, and the Company will limit the death benefit to the Fund Value and will not pay any insured benefit

* for entry age below 5 years, risk commences after 1 Year and 11 months from the date of commencement of the policy.

Cancellation of the policy can be done only if the journey is not undertaken by the insured and policy cancellation will not be entertained for less than 14 days from the date of commencement of policy.

Suicide: If the policyholder commits suicide with 12 months from the date of the commencement of the policy or from the date of the revival of the policy, then the nominee is not liable to receive the sum assured and will only be entitled to receive the total premiums paid, provided the policy is in force.

If the insured commits suicide within one year from the date of commencement of the Policy or date of revival of the Policy, the company will pay death benefit equal to 80 % of the premiums paid till the date of suicide.

Partial Withdrawals under the base plan: You are allowed to make partial withdrawals after 5 years from the date of commencement of the policy or on attainment of age 18 by the life assured whichever is later.

This is a charge expressed as a percentage of Annualised Premium and is levied at each monthly anniversary by canceling proportionate Units starting from the date of commencement of Policy.

Risk cover starts from date of commencement of policy for all lives including minors.

Deferment period is the period that lasts from the date of commencement of the policy to the date of commencement of risk on the child's life.

In most cases, companies allow consumers to return the policy within a few weeks from the date of commencement of the policy.

For Ulips, the lock - in period will continue to be five consecutive years from the date of commencement of the policy.

Not exact matches

No bonuses would accrue in respect of policies surrendered within 5 years from the commencement date.

In the event the insured dies and the policy lapsed within three years from the date of commencement (start) of the life insurance policy, then the insurance company is not liable to settle such claims.

Policy can be withdrawn within 15 days from the date of commencement.

The guaranteed death benefit is not payable in case the life insured (whether sane or insane) commits suicide within 12 months from the date of policy commencement.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as Death Benefits.

Only plus point in this policy is if death of policy holder occurs at any time (after commencement of policy), all the payouts will be given by company (as mentioned earlier) from the date of claim settlement.

Exchange Option: This option is available for existing policyholder under «Reliance Life Insurance Pay Five Plan» after completion of five policy years from the date of commencement.

If the insured commits suicide within one year from the date of commencement / reinstatement / revival of the Policy, the policy will terminate and become void and nothing shall be paPolicy, the policy will terminate and become void and nothing shall be papolicy will terminate and become void and nothing shall be payable.

The Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of policy commencement date) of a policy by cancellation of policy by cancellation of units.

If the Life Assured, whether sane or insane, commits suicide within 12 months from the date of commencement or revival of the policy, nominee or beneficiary will receive 80 % of the premiums paid till the date of death, excluding taxes and underwriting extra premiums, if any, provided the Policy is in - force and we will not pay any insured bepolicy, nominee or beneficiary will receive 80 % of the premiums paid till the date of death, excluding taxes and underwriting extra premiums, if any, provided the Policy is in - force and we will not pay any insured bePolicy is in - force and we will not pay any insured benefit.

If the life insured commits suicide within 12 months from the Policy commencement date or the date of revival of the policy, the company would pay an amount equal to 80 % of the premiums paid (excluding any underwriting extra) as death bePolicy commencement date or the date of revival of the policy, the company would pay an amount equal to 80 % of the premiums paid (excluding any underwriting extra) as death bepolicy, the company would pay an amount equal to 80 % of the premiums paid (excluding any underwriting extra) as death benefit.

No bonuses would accrue in respect of policies surrendered within 5 years from the commencement date.

If policy is surrendered before the completion of lock - in period of 5 policy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund and no subsequent charges other than Fund Management Charges for discontinued policy fund will be dedpolicy is surrendered before the completion of lock - in period of 5 policy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund and no subsequent charges other than Fund Management Charges for discontinued policy fund will be dedpolicy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund and no subsequent charges other than Fund Management Charges for discontinued policy fund will be dedpolicy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund and no subsequent charges other than Fund Management Charges for discontinued policy fund will be dedPolicy Fund and no subsequent charges other than Fund Management Charges for discontinued policy fund will be dedpolicy fund will be deducted.

If the policy is surrendered before the completion of the lock - in period of 5 policy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund of the copolicy is surrendered before the completion of the lock - in period of 5 policy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund of the copolicy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund of the copolicy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund of the coPolicy Fund of the company.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as the Death Benefits.

The Mortality Charges are determined using 1 / 12th of the Annual Mortality Charge and are deducted from the unit account monthly at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of units.

For example: There is a standard exclusion for claims on suicide in the first 12 months from date of commencement of a life insurance policy.

Suicide Exclusion: If the life assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as death benefit.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums will be payable as Death Benefit.

The proceeds of the discontinued policy will be paid only after the completion of 5 policy years from the Policy Commencementpolicy will be paid only after the completion of 5 policy years from the Policy Commencementpolicy years from the Policy CommencementPolicy Commencement Date.

Policy Exclusions: The policy shall be void if the Life Assured (whether sane or insane) commits suicide at any time within 12 months from the date of commencement of risk and the Corporation will not entertain any claim under this policy except to the extent of 90 % of the single premium paid excluding taxes and any extra premiumPolicy Exclusions: The policy shall be void if the Life Assured (whether sane or insane) commits suicide at any time within 12 months from the date of commencement of risk and the Corporation will not entertain any claim under this policy except to the extent of 90 % of the single premium paid excluding taxes and any extra premiumpolicy shall be void if the Life Assured (whether sane or insane) commits suicide at any time within 12 months from the date of commencement of risk and the Corporation will not entertain any claim under this policy except to the extent of 90 % of the single premium paid excluding taxes and any extra premiumpolicy except to the extent of 90 % of the single premium paid excluding taxes and any extra premium paid.