Sentences with phrase «given by the policyholder»

An insurance contract is based completely upon the info given by the policyholder in proposal form.

No claim bonus is a discount given by policyholder for accidental - free driving.

Not exact matches

Unlike other travel medical plans, single - trip plans offered by HTH Travel Insurance give policyholders flexibility to choose the maximum benefit (or money the insurer will pay out) and their deductible.

But a third category of investment that also showed an increase in Canadian confidence are segregated funds — a type of investment fund administered by Canadian insurance companies that give policyholder death benefit guarantees.

A key determinant both of coverage provided by the LawPRO policy under the Law Society's insurance program, and of whether liability could spread beyond the individual lawyer - policyholder, is the nature of the error or omission giving rise to a claim.

The maximum limit of liability payable by an insurance carrier on behalf of a policyholder during any given policy period

Bonus: - This is an additional amount given by a life insurer along with the sum assured either on maturity or death of the policyholder.

Policy Termination: The policyholder can terminate the policy at anytime by giving a 15 day written notice.

Policy termination - Policyholder is allowed to terminate the policy at anytime by giving a 15 day written notice.

Policy termination: Policyholder is allowed to terminate the policy at any time by giving a 15 day written notice.

Policy termination: Policyholder is allowed to terminate the policy at anytime by giving a 15 day written notice.

This is because it gives a peace of mind that in case of any unfortunate event such as death and critical illness; the sum assured paid by the life insurer will be sufficient to meet future goals of the policyholder or family.

The plans offered by PNB MetLife Insurance Company are varied in nature but all of the given plans have a single aim to provide life insurance coverage to the policyholders along with an avenue to create savings through a traditional savings method.

A good financial plan with returns and life coverage invest the premium as paid by the policyholder in the stock market and gives them returns which are comparatively volatile as they depend on the performance of the stock markets.

Policy termination: A policyholder is allowed to terminate the policy at anytime by giving a 14 day written notice.

The policyholder may cancel this policy by giving us notice in writing to AIG Europe Limited, 30 Northwall Quay, IFSC, Dublin 1

Due to its strong financial position and its good reputation for paying policyholder claims out promptly, Fidelity has been given a rating of A -(Excellent) by A.M. Best Company, the leading provider of news, ratings, and financial data for insurance companies.

Policy termination — The Policyholder is allowed to terminate the policy at any time by giving a 15 day written notice.

No doubt, a higher solvency ratio is definitely good for the policyholder as this gives him a sense of comfort that the liabilities are backed by assets more than the mandatory limit set by the IRDA.

Due to its financial strength and stability, and because it has a good reputation for paying out its insurance claims to its policyholders, Assurity Life Insurance Company has been given the rating of A -(Excellent) by A. M. Best Company.

A No Claim Bonus (NCB) is a pat on the back given by an insurance company to the policyholder for safe driving - offered by the way of a discount on a car or two - wheeler insurance policy's premium.

By providing such great benefits at competitive rates, term plans give the policyholder an opportunity to get the protection of life insurance cover at minimal costs.

No claim bonus is a bonus referred as a discount that is given to the policyholder by the insurer at the time of renewal of the policy if no claim has been filed.

Another form of bonus that may be declared and given by the company to the policyholder at the end of the policy period is the final additional bonus.

Policy termination: Policyholder can terminate the policy at anytime by giving a 15 day written notice.

Policy termination: Policyholder is allowed to terminate the policy at any - time by giving a 15 day written notice.

SHIKSHA PLUS SUPER gives policyholders an option to invest premiums in five investment funds offered by Max Life Insurance with a choice of Dynamic Fund Allocation and Systematic Transfer Plan.

The Death Benefit that is given to the nominee will be minus any partial withdrawals that have been made by the policyholder.

Rebate on Premium Payment Mode: Policyholders are given rebates on the basis of premium payment modes selected by them, under LIC jeevan Labh plan.

If the policyholder loses his life or suffers from a permanent total disability caused by an accident that meets the criteria mentioned by the policy, whichever is earlier, the Sum Assured plus all the premiums paid until death will be given to the nominee.

As long as the premiums paid by the policyholder fall within this given range, the policy remains active.

There are other benefits found in this policy as well: ● Corporation profits: In this case, the policyholder can participate in the profit earning opportunity given to them by the LIC and there they can also get bonuses out of it.

If the policy holder survives the tenure of the e term plan, then nothing is given to the policyholder and his / her beneficiaries By a non-participating policy is meant that the policy does not participate in the profits through unit - linked schemes and no dividends are paid on this policy.

It is a kind of appreciation given by the company to the policyholder.

Moreover, the policyholder can also be detached from any policy year by giving a written request.

To get the claim on the maturity of policy the person insured is required to submit a discharge form along with the original certificate of policy which is given by LIC in the favor of policyholder with it.

In some cases, if the policyholder dies just before the premium due date and the final payment is missed, the grace period will give the survivors a little room to correct the oversight by making the payment so the policy is not be canceled.

The nominee can be changed by the policyholder any time during the policy period by giving a notice to the insurer.

MetLife gives policyholders the options of adding more coverage to the basic policy by something called a policy rider.

If the policyholder elects not to have the benefit paid out immediately upon his death but instead held by the insurance company for a given period of time, the beneficiary may have to pay taxes on the interest generated during that period.

Unlike other travel medical plans, single - trip plans offered by HTH Travel Insurance give policyholders flexibility to choose the maximum benefit (or money the insurer will pay out) and their deductible.

At any given point of time the policyholder has an option to make a request to his insurer for opting out of the Insurance repository system by providing a written request to the insurer

A loan given by a life insurance company from its general funds to a policyholder on the security of the cash value of a policy.

IRDAI, however, said that all policies issued in electronic form by the insurer directly to the policyholder would also have to be issued in physical form unless it is given an exemption.

LIC ADHAAR SHILA PLAN is a newly launched plan of LIC which is specially designed for Female Lives having aadhaar card issued by UIDAI.This plan gives protection to the family in case of unfortunate death of policyholder.

However, in case the group policy is surrendered by the master policyholder, the insurer shall give an option to individual members of the group, on such surrender, to continue the coverage and the insurer shall continue to be responsible to serve such members till their coverage is terminated / expires.

The most common Claims Adjuster work activities include processing and investigating claims filed by policyholders, interviewing claimants and witnesses for relevant information, assessing property damage, verifying if the damage is covered under a given policy, consulting with experts on a case - by - case basis and working with attorneys through the entire claims process.