Sentences with phrase «incurred by the policyholder»

Deductible is an amount that is incurred by a policyholder.

It covers hospitalization expenses in excess of the deductible per hospitalization incurred by the policyholder.

It doesn't cover losses incurred by the policyholder, but it does protect you in an at fault accident from coming out of pocket for damages to another up to your policy limits.

The company will pay you the CI Benefit, as a lump sum to meet your financial needs.The benefit is payable irrespective of the actual expenses incurred by the policyholder.

Not exact matches

Lightning strikes were responsible for $ 739 million in homeowners insurance losses incurred by nearly 100,000 policyholders last year, an increase of 9.7 % from 2013, according to the Insurance Information Institute.

If the policyholder cancels the policy before the end of the surrender period, it is not likely the policyholder will receive any amount of the cash value because these costs are incurred by the insurance company to set up the policy.

Policyholders will now be able to claim for Additional Living Expenses incurred during the period of time in which access to the premises is prohibited by Civil Authority / Mass Evacuation Order, subject to the new 30 - day maximum.

More importantly, since the policyholder has reached the policy's maximum out - of - pocket expense limit, any and all additional healthcare expenses the policyholder may incur throughout the remainder of the calendar year will be 100 % covered by the insurer.

A fidelity bond is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals.

Trip cancellation coverage reimburses policyholders for non-refundable expenditures and deposits incurred when a scheduled trip is cancelled for any reason acknowledged by the insurance policy.

Cancer insurance can assist you in reducing the costs which are incurred by individuals on cancer treatment, thereby ensures that policyholders have the financial support when they need it.

Free look In the event the policyholder disagrees with any of the terms and conditions of the policy, he / she may return the policy to the Company within 15 days of its receipt for cancellation, stating his / her objections in which case the company will refund an amount equal to the non allocated premium plus the charges levied by cancellation of units plus fund value as on the date of receipt of the free look cancellation request less proportionate risk premium for the period the company has been on risk, less the expenses incurred by the company on medical examination of the life assured and less the stamp duty charges..

A comprehensive two wheeler insurance policy mainly provides protection against any financial liability that is likely to be incurred on the policyholder in an event of theft, third party damages or death caused by your vehicle.

Medical Expenses on Revival: Cost of medical expenses incurred is borne by the policyholder, subject to a maximum of Rs 3,000.

Medical Expenses on Revival: Cost of medical expenses incurred borne by the policyholder, up to a maximum of Rs 3,000.