Sentences with phrase «insured during the policy period»

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..

A comprehensive medical shield plan to meet the hospitalization expenses towards the ailment of illness / disease / injury sustained or contracted by the insured during the policy period including few day care surgeries as well.

Traditionally, liability insurance was written on an occurrence basis, meaning that the insurer agreed to defend and indemnify against any loss which allegedly «occurred» as a result of an act or omission of the insured during the policy period.

As its name suggests, a claims - made policy covers claims made against an insured during the policy period.

The premium is also subject to certain deductions based on the Insured's Age and Occupation and the No Claim Bonus earned by the Insured during the policy period.

SBI will pay the Sum Assured to the nominee in the event of the death of the insured during the policy period.

In case of death of the insured during the policy period, higher of the base sum assured or 105 % of the total premiums paid plus guaranteed additions on the amount of the premiums are offered to the nominee

The entire sum assured is paid to the nominee on the death of the insured during the policy period

In case of death of the insured during the policy period, death benefit is paid to the nominee which is highest of — 10 times of annualized premium (7 times for ages more than 45) or 105 % of all the premiums paid till the death of the insured, sum assured

Death Benefit: In case of death of the insured during the policy period, TATA AIA iRaksha Supreme Term insurance plan will pay your nominee death benefit which is higher of:

A nominee can be defined as a person who is eligible to receive the benefits out of a life insurance policy in the event of the demise of the insured during the policy period.

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.

BSLI will pay the Sum Assured to the nominee in the event of the passing away of the insured during the policy period.

BSLI will pay the Sum Assured to the nominee in the event of the death of the 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.

Offers death benefit only, in case of the death of the insured during the policy period.

Auto reinstatement up to 100 % of basic sum insured is applicable, on exhaustion of the sum insured during a policy period

A claims - made policy covers claims made against you or another an insured during the policy period.

Air Ambulance Benefit paid up to 10 % of the Sum Insured during the policy period, applicable for sum insured of Rs. 7.5 lakhs and above only.

In the event of death of the insured during the policy period, the payout is higher of 105 % of all premiums paid or the accumulated Fund Value.

Not exact matches

The cost of the policy is certain to be higher than the actuarial cost (cost of claim x probability of claim during insured time period) of repair / replacement of a failed system, as the insurer would need to cover sales costs, operating expenses and profit in addition to the direct policy cost of system replacement.

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.

The basic features of the long - term care policy include the following: Elimination Period: The elimination period functions like an insurance deductible, during which time the insured pays for medical expPeriod: The elimination period functions like an insurance deductible, during which time the insured pays for medical expperiod functions like an insurance deductible, during which time the insured pays for medical expenses.

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.

Immediate (again term usage varies by carriers) benefit means exactly what the term implies: Once approved the full amount of the policy is immediately in force and will be paid in its entirety should the insured die during the policy's active 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.

A claims - made policy protects an insured against covered claims or incidents that occur and are reported during the policy period.

During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.

If the insured person becomes disabled, the monthly premium due on the policy is waived during the disability, after a six - month elimination period is met.

A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.

Most policies have a 2 - year contestability period, which means during the first two years after buying life insurance, if it is found your insurance policy was issued under misrepresentation, withholding of information by the insured or the owner, or similar reasons, the insurance company can declare your insurance policy and any associated riders void.

They typically only respond to claims which first come to the attention of the insured during the current 12 month policy period and are reported to the insurer while the policy, or an extended reporting period they're under, is in effect.

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 insured dies during the grace period and the premium has not been paid, the policy benefit is payable.

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.

Instead, should the insured pass away during this time period, the named beneficiary will receive back only the amount of premium that has been paid into the policy.

Life insurance policies have a two - year «contestability period,» during which the life insurance company can refute a life insurance claim, or can drop the policy if the insured is found to have misrepresented anything from health status to a risky lifestyle, certain health habits such as smoking or severe depression.

In the event that the insured parent passes away during the 10 - year period of the policy, a $ 50,000 death benefit is paid to a trust1.

Both, the contractor and the insurance company agree on a co-pay, the percentage related to what the insured will pay after the deductible and will establish an aggregate value, the maximum amount the insured will have to pay for a claim arising during the policy period.

This Policy provides benefits based on the nature of Injury sustained by the Insured Person in an accident during the policy pPolicy provides benefits based on the nature of Injury sustained by the Insured Person in an accident during the policy ppolicy period.

Free Look Period: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancPeriod: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancperiod of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it.

Free Look Period: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due rePeriod: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due reperiod of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds.

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.

Disease that creeps into the insured during the first 30 days of the policy period.

The policy reimburses reasonable and necessary expenses for hospitalisation expenses for illnesses or diseases contracted or injury sustained by the insured persons during the policy period up to the sum insured.

A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds.

Here's how travel insurance companies define a pre-existing condition: it's any medical condition that the insured experienced the symptoms of or had diagnosed and treated during a specified time (called the look - back period) prior to their policy's effective date.

It offers defined benefits based on the nature of injury sustained by the insured person in an accident during the policy period.

The group policy reimburses reasonable and necessary expenses for hospitalisation due to an illness or disease, or an injury sustained by the insured persons during the policy period.

The free look period is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and conditions.