Sentences with phrase «insured during the coverage period»

Like the ICICI plan the premium for this plan is slightly higher than the usual market rate, however in case of untimely death of the insured during the coverage period, the sum assured will be paid out in full to the beneficiary.

Not exact matches

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

«Currently insured» means you have acquired at least six quarters of coverage during the last thirteen - quarter period when you either died or became eligible for disability benefits.

This rider is critical, particularly if you are considering life insurance for children or young adults, because if the insured develops a disease or become uninsurable during the policy period, the insurance company allows the insured to increase his or her total life insurance coverage and death benefit at specific times.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

If it was not made against the insured during the policy period, then the insurer can disclaim coverage for that reason alone, regardless of when the insured gave notice.1 If the claim was made during the policy period but the insured gave notice after the expiration of the requisite time frame for notice under the policy, then the ability to disclaim coverage will turn on whether the notice provisions are conditions precedent or covenants.2 This principle applies regardless of whether the policy is a claims - made or a claims - made - and - reported and reported.3 If the notice provisions are covenants, then late notice constitutes a breach of the policy by the insured, triggering application of Md..

In case the insured dies during the grace period, the insurer is liable to pay the death benefit (coverage amount) to the beneficiary named in the policy, less any amount outstanding (including the unpaid premium).

If an injury or illness occurs during the period of coverage and the insured person requires medical or surgical treatment, this plan will pay, subject to the co-insurance and selected deductible, reasonable and customary charges for the following covered expenses, up to the selected policy maximum.

Automatic Restoration of Sum Insured: Upon exhaustion of the limit of coverage during the policy period subject to the limits, the basic sum insured would be automatically reInsured: Upon exhaustion of the limit of coverage during the policy period subject to the limits, the basic sum insured would be automatically reinsured would be automatically restored.

This type of plan focuses on AD&D (accidental death and dismemberment) and term life insurance benefits that are in effect while the insured is traveling on an insured trip or during their annual coverage period, depending on their plan.

Benefits are paid to the designated beneficiaries if the insured dies during the period of coverage.

Travel accident insurance focuses on AD&D (accidental death & dismemberment) and term life insurance benefits that apply while the insured is traveling on an insured trip or during their annual coverage period.

Automatic Restoration of Sum Insured: Upon exhaustion of the limit of coverage during the policy period subject to the limits, the basic sum would be automatically restored.

An insurer's insolvency protection shall be applicable only to accidents occurring during a policy period in which its insured's uninsured motorist coverage is in effect where the liability insurer of the tort - feasor becomes insolvent within three years after such an accident.

This is a clause that states that should the insured (meaning you) die from NATURAL CAUSES during a certain period of time immediately after purchasing your life insurance policy (typically 2 to 3 years), the life insurance policy will not pay the death benefit (the insurance coverage amount).

* If an insured person turns 70 years old during the purchased coverage period, the 70 and over benefit schedule becomes effective upon the day the insured turns 70.

This is life insurance coverage where the benefit is payable only if the insured dies during a specified period.

Yes, it covers the pregnancy of an insured student or enrolled spouse if the pregnancy begins during the coverage period.

During the period of coverage, an insured person may return to his / her home country for incidental visits up to a cumulative two weeks total (14 days), and retain continuing coverage during such visit (s), subject to: 1) The insured person must have left their home country, 2) The total period of coverage must be for a minimum of 30 days, and 3) The return to the home country may not be taken to receive treatment for an illness or injury incurred while travDuring the period of coverage, an insured person may return to his / her home country for incidental visits up to a cumulative two weeks total (14 days), and retain continuing coverage during such visit (s), subject to: 1) The insured person must have left their home country, 2) The total period of coverage must be for a minimum of 30 days, and 3) The return to the home country may not be taken to receive treatment for an illness or injury incurred while travduring such visit (s), subject to: 1) The insured person must have left their home country, 2) The total period of coverage must be for a minimum of 30 days, and 3) The return to the home country may not be taken to receive treatment for an illness or injury incurred while traveling.

Fortunately, most commercial property policies afford some coverage for property the insured purchases or constructs during the policy period.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

The longer the length of coverage, the more expensive the annual premium generally is because the risk of the insured person passing away during the coverage period increases with time.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy.

So for example, if the sum insured is INR 3,00,000 and the bill amount is INR 70,000, the balance INR 2,30,000 will remain unutilized but the policyholder will be able to use this amount to claim any other hospitalization costs that might crop up during the coverage period.

In case of floater plan, if any of the family member uses up the coverage and another member falls prey to illness later during the same insured period then the entire sum insured will get reinstated at no extra charge.

Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage over a period of time and in case the insured person dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.

The benefits apply while you are on a trip that is insured or during the coverage period.

During this period, the insured person is allowed to review the policy thoroughly and if they are dissatisfied with the coverage or any other terms and conditions of the policy, then the insured person can cancel the policy and can get the refund.

Grace Period: In case the premium is not paid on the premium due date, a grace period of 15 days is given to insured and during grace period coverage is not appliPeriod: In case the premium is not paid on the premium due date, a grace period of 15 days is given to insured and during grace period coverage is not appliperiod of 15 days is given to insured and during grace period coverage is not appliperiod coverage is not applicable.

A 15 days free look period is offered to the insured from the date of policy issued during which he / she cancel the policy if they are dissatisfied with the coverage of the policy.

Free Look Period: The policy provides a free look period of 15 days from the date of policy issued during which the insured can cancel the policy if he / she is not satisfied with the coverage, terms and conditions of the pPeriod: The policy provides a free look period of 15 days from the date of policy issued during which the insured can cancel the policy if he / she is not satisfied with the coverage, terms and conditions of the pperiod of 15 days from the date of policy issued during which the insured can cancel the policy if he / she is not satisfied with the coverage, terms and conditions of the policy.

Liability insurance is a coverage that protects and supports the insured person or the organization against the legal liabilities owing to insured during the policy period.

This effective insurance policy offers coverage against hospitalization expenses that take place because of any illness / disease / injury sustained or contracted by the insured during the policy period.

This rider is critical, particularly if you are considering life insurance for children or young adults, because if the insured develops a disease or become uninsurable during the policy period, the insurance company allows the insured to increase his or her total life insurance coverage and death benefit at specific times.

In case of untimely death during the coverage period the life insurance company pays the insured amount to the family.

In order to be eligible for coverage under the Continuation of Treatment Period provision, the Insured Person must be covered by an insurance policy, benefit plan, or Other Coverage for expenses or charges incurred by the Insured Person, and the Other Coverage remains in effect during the duration of coverage with the Company.

The length of time, specified in the language of the written policy, during which an insured policy holder can repay an overdue balance against the policy premium while still keeping their renters insurance coverage in force during that period of time.

The charges would even be applicable to those aforementioned groups who were not even in the country during the time of their coverage lapse, or drivers who had no car at all to insure for a period of time.

This coverage will provide a benefit to the nominee, in the event the insured dies during the defined period.

Term insurance is a life insurance policy that provides coverage for a certain period of time where if the insured dies during the time period specified in the policy and the policy is active — or in force — then a death benefit will be paid.