Sentences with phrase «from risk commencement»

In the event of the Life Assured committing suicide (be it sane or insane) at any time within one year from risk commencement date, Jeevan Ankur Policy by LIC gets terminated.

Suicide Clause: In case an insured member commits suicide within 12 months from the risk commencement date of the member, his / her nominee will receive 80 % of the premiums paid in respect of the insured member.

Suicide Exclusion: If the Life Assured commits suicide within one year from the risk commencement date or revival date, if revived, whether sane or insane at that time, the Company will limit the Death Benefits to the Fund Value as available on the death date and no insurance benefit will be payable.

Not exact matches

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.

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

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 premium paid.

** The Waiting Period is 180 days from the Date of Commencement of Risk or date of latest revival, whichever is later.

The risk cover on the child starts after he completes 8 years of age or 2 years from date of policy commencement, whichever is earlier

There are some circumstances when the policy will not be cleared: ● If the policyholder commits suicide within 12 months from the date of commencement of risk, then LIC will only pay the 80 % premium paid till date which will be excluded from extra premiums and also service taxes.

Suicide Exclusion: If the life assured, whether sane or insane, dies due to suicide within 12 months from the date of inception of the policy (effective date of risk commencement) or the date of revival of policy, the policy shall terminate immediately.

Suicide clause - If the policyholder commits suicide before 2 months from the date of commencement of risk, he / she can be returned with 90 % of the premium paid without any taxes or extra premium.

Date of risk commencement: It is the date from which the risk cover of an accepted proposal form starts.

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

Date of commencement of risk - Risk commencement starts from the day one i.e. when the policy is tarisk - Risk commencement starts from the day one i.e. when the policy is taRisk commencement starts from the day one i.e. when the policy is taken.

Before the commencement of the risk, during the first five years of the policy, single premium is refunded without any interest and is free from taxes, extra chargeable premium and rider premium.

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 death occurs due to suicide within 12 months from the date of commencement of risk or of the Policy, the death benefit is refund of at least 80 % of the premium (s) paid provided the Policy is in - force.

Death happens before commencement of risk or Death happens within 5 years from the date of policy: All premiums paid without any interest would be paid.

«No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.».

If death occurs after the commencement of risk, i.e. after 8 years of age, of kid or after 2 years from the date of policy, Sum Assured + Bonus + Final Additional Bonus, if any, shall be payable.

LIC has formally launched a new single premium plan, Jeevan Utkarsh, which offers a combination of protection and savings wherein the risk cover is ten times of tabular single premium from date of commencement of risk.

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.

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.

The risk cover starts after completion of 23rd month from the commencement of the policy.

The date of commencement of risk under Jeevan Pragati plan will be immediately from the date of issuance of policy.