Sentences with phrase «insured under option»

After the Premium payment term, if the whole premiums have been paid by the insured under Option B or Option C a special Surrender Value is payable on surrender of the policy.

Not exact matches

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

An additional difference between our CDS and the typical market standard CDS is that there is no acceleration of the payment to be made under our insured credit default swap contract unless the Company elects to accelerate at its option.

An additional difference between our CDS and the typical market standard CDS is that there is no acceleration of the payment to be made under our insured credit default swap contract unless we elect to accelerate at our option.

Under the new rules, financial institutions will now require both insured and uninsured borrowers to undergo the stress test and qualify at the greater of two options: either the five - year benchmark rate published by the Bank of Canada (currently 4.89 per cent), or the contractual mortgage rate plus two percentage points.

However, real estate claims based on the registration of fraudulent instruments under the Land Titles Act where the claim would otherwise be excluded from coverage due to the dishonesty of the insured lawyer — the risk targeted by the Real Estate Practice Coverage Option (REPCO)-- have turned out to be rare.

Uninsured & Underinsured Driver Coverage Most U.S. states require that automobile insurance companies offer uninsured / under - insured motorist coverage as a coverage option.

You can also choose additional coverage options depending on what system you want to insure under and what your driving circumstances are.

Metlife auto policyholders also have the options to take advantage of not so standard coverage like uninsured and under - insured motorist coverage, enhanced rental car coverage, flexible payment options, and several other additional features.

In availing of this type of coverage, the insured may choose between two options: either get a separate policy for all vehicles under it and make them annexes of one general policy, or make use of a single policy for... (more) February 18, 2010

Income Plus Option — under this HDFC term insurance plan, the entire death benefit which is the chosen Sum Assured is paid out in case of death of the life insured.

Life option — under this HDFC term insurance plan, the death benefit is paid in lump sum in case of unfortunate death of the life insured

Income Option — under this HDFC term insurance plan, 10 % of the Sum Assured is paid in lump sum immediately on death of the life insured.

Sum insured options available under the policy start from Rs. 1 lakh and go up to a maximum of Rs. 10 lakh, in multiples of Rs. 1 lakh.

The insured has an option to opt for both basic cover as well the income protection cover under this Future Generali Life Insurance term plan.

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

Under the second option, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instaloption, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalOption B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalments.

Options to insure: Under this plan, one can insure flat / apartment / independent building or contents only or both as well.

Some package plans offer family - friendly options like kids under 18 are included at no charge when traveling with an insured adult, and «cancel for work reason» is included with the World Wide Trip Protector and Plus plans.

Under Option B, in case of death of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nominee.

Under Option A, in case of death of the insured during the tenure of the plan, the Sum Assured is paid to the nominee

Under regular premium paying option the insured can pay premium during the entire tenure of the policy.

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

The insured person has the option to choose his or her plan category under this policy, as there are three sub-categories offered, which are Standard, Superior and Advanced.

Jeevan Rakhsak plan offers you great flexibility and gives you the option to insure even your 8 year old kid under the umbrella of this plan.

You can pick and choose your coverage options, as well as your limits and what type of system you want to insure under.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

PRIMARY HEALTH INSURANCE OPTION As before AICRA, a PRIMARY HEALTH INSURANCE OPTION is made available to insured's that would make PIP medical benefits under an automobile insurance policy a secondary coverage for a reduced premium.

Drivers in Fort Lee can also choose additional coverage options depending on what system they choose to insure under.

Overall, being insured under both types of policies is your best option if available to you.

Under Income benefit option a monthly income equivalent to 1 % of applicable Sum Insured would be paid out to you on diagnosis of the listed major cancers for a fixed period of next 5 policy years.

Brighton automobile insurance comes in several different policy options depending on what you are looking for and who you choose to insure under.

Level term insurance rider: Gives clients the option for additional, convertible level term insurance on the person insured under the base amount of the policy.

Bajaj Allianz Family Floater Health Guard Policy comes with term options of 1, 2 and 3 years and provides comprehensive coverage to an entire family under a single Sum Insured.

This is a dual death benefit plan under which a complete sum assured is paid in the first option and in the second option after death of the insured, the insurance company pays 50 % of the total sum assured immediately to the nominee of the insured and the remaining amount is paid monthly as a regular income at 3 %.

Life Stage Protection Feature is part of Life Option under which the insured has an option to increase life cover at important stages of life like marriage, child birth etc. and that too without any medicaOption under which the insured has an option to increase life cover at important stages of life like marriage, child birth etc. and that too without any medicaoption to increase life cover at important stages of life like marriage, child birth etc. and that too without any medical test

After 1 policy year, the insured is has the option to reduce his sum assured amount at any monthly policy anniversary, subject to the minimum sum assured amount allowed under the plan options.

Under Option II, the Sum Assured on death is paid on death of the insured.

The ULIP funds option is basically selected by the insured under all the unit - linked plans.

But under the restore option, the sum insured would get recovered and other members of the family will be able to use the cover.

Increasing Term Assurance — an option under which the Sum Assured chosen at the time of inception of the SBI term insurance policy increases every year @ 5 % and on death of the insured during the SBI term insurance plan tenure, the Sum Assured as on the date of death is paid to the nominee

Under the decreased sum assured option, the insured has the choice to reduce the single premium sum assured in his first plan year.

In case of diagnosis of major cancer under platinum option, the plan provides a monthly income to the insured's family for 5 years.

On the other hand, options of insured under the diamond plan are numerous.

The insured shall get the Total Fund Value including Top - up Fund Value on Maturity which can be taken in lump sum or under the Settlement Option where the proceeds can be taken in equal installments over a period of 5 years post maturity

Under the Adaptation allowance option, the company pays the cost to modify the house or vehicle to deal with the physical disability at 1 % of the basic Sum Insured or Rs. 25, 000 whichever is lower.

Under the Monthly Income Benefit option, post death of the life insured, 0.50 % of Sum Assured will be paid monthly following the month from the date of death of the life insured.

Under Option A which is Life Protection, the nominee gets the Sum Assured in case of pre-mature death of the insured during the term of the plan.

In case of the demise of the insured person during the tenure of the policy, 125 % of the single premium paid or the sum assured, whichever is higher, is paid to the beneficiary of the policy, under single premium mode option.