Sentences with phrase «issuance of the policy»

The insurer takes the risk of your death from the date of issuance of the policy till its end and this risk comes at a cost which is known as mortality charge.
For single pay policies, you can get a surrender value immediately after issuance of the policy.
Note: Before issuance of policy, vehicle inspection may or may not be conducted depending on the credibility of your vehicle and your driving records.
The life insurance coverage starts immediately from issuance of the policy and is applicable to minor lives as well.
Risk cover will commence immediately on issuance of the policy and policy will vest on the life assured on attainment of majority, i.e., 18 years age last birthday.
But the good news is that the medical test cost is reimbursed post issuance of the policy.
From the beginning till issuance of my policy, it's been nice and hassle free.
Additionally, the terms of an insurance policy are accepted by the buyer of the insurance, by signing and dating the policy application and likely another document upon issuance of a policy.
The reason quoted was that there is a maximum time of issuance of policy which is passed.
The life insurance coverage starts immediately from issuance of the policy and is applicable to minor lives as well.
Individuals, those are age 8 years or above at the time of policy the risk period begins right from the date of issuance of Policy.
There are several different types of life insurance plans available for seniors who have not yet reached the maximum age limit for issuance of a policy, some of these plans remain in force until death.
A provision in which a certain percentage of a policy or contract's accumulated value is subtracted from the surrender proceeds if a policy is cancelled within a specific number of years following issuance of the policy or contract.
«The insurer subject to F&U guidelines may offer discount in premium in respect of those policies maintained only in the electronic form,» regulator IRDA said in the revised guidelines of Insurance Repositories and Electronic Issuance of Policy.
Minimum GMSA is based on the minimum annualized premium allowed and age of the life insured on issuance of the policy under each variant of the plan:
Miscellaneous Charges: Alterations made in premium mode and Grant of Accident Benefit Rider after issuance of the policy attracts the charge of Rs 50 per alteration.
It is a family floater policy and a minimum of two members are required for issuance of the policy.
Before issuance of a policy, a specific consent for such loadings has to be obtained from the policyholder.
We have a Policy Servicing Request form available, where you can make any of the following requests, post issuance of policy: 1.
Critical Illness Rider - Under this policy, there is a waiting period of up to 180days from the date of issuance of the policy before the insured can claim.
Risk cover will commence immediately on issuance of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority, (i.e., 18 years age last birthday) and on maturity date.
The Title Insurance Group segment engages in the issuance of policies to real estate purchasers and investors.
The cost of goods sold is not known at the issuance of a policy.
Issuance of the policy may depend upon answers to health questions.
Issuance of the policy may depend upon answers to health questions set forth in the application and the policies may have a graded death benefit for an initial period of time.
With medical underwriting following the issuance of this policy, the insured can increase his or her all - cause coverage component, and either eliminate or reduce their accident - only limit.
Issuance of the policy may depend upon answers to health questions set forth in the application.
Issuance of the policy may depend upon answers to health questions set forth in the application.
The principle is based on the idea that in order for there to be a reason for the issuance of a policy, there has to be a family or business relationship in which the beneficiaries would suffer if the insured person dies.
I am glad to inform policy bazar that as of now i.e. upto the stage of getting the policy am quite satisfied with you service I have got from you for the issuance of the policy
* Issuance of the policy may depend upon the answers to the health questions in the application, the truthfulness thereof and evidence of insurability.
For the issuance of policy it is mandatory to opt of at least 3 of the above mentioned sections.
No lengthy forms, medical exams or lab tests required, however, issuance of a policy may depend on answers set forth in the application
Under the COLI Best Practices Act, unless the employer provides written notice and obtains the employee's written consent prior to the issuance of the policy, the death benefit of the life insurance policy will be taxable from day 1.
Issuance of the policy may depend upon answers to health questions.
Unless the employer provides written notice and obtains the employee's written consent prior to the issuance of the policy, the death benefit of the life insurance policy will be taxable from day 1.
Goodstein passed away more than two years had passed since the issuance of the policy.
No medical exams or lab tests required, however, issuance of a policy may depend on answers to questions set forth in the application
It is important to note that, while there is no medical exam required for approval, the issuance of a policy can still be dependent upon the answers the applicant provides to a set of health - related questions.
Issuance of the policy may depend upon answers to health questions set forth in the application and the policies may have a graded death benefit for an initial period of time.
Generally, the risk inception date start a few days after the day of the issuance of the policy.
With medical underwriting following the issuance of this policy, the insured can increase his or her all - cause coverage component, and either eliminate or reduce their accident - only limit.
The nominee can be changed any time after the issuance of the policy by submitting completed and duly signed Nomination Form and self - attested copy of KYC documents (Address and ID proof of the nominee) at the nearest branch location.
For instance, in case of marriage or purchase of your 1st new house after the issuance of the policy, increase in 50 % of the original basic sum assured is allowed.
Any condition, ailment or related condition (s) within 48 months prior to the issuance of the policy by the insurer or at the time of reinstatement of the policy are not covered.
Surrender Benefit — the policy will acquire a surrender value immediately after the issuance of the policy.
Through online issuance of the policy you get easy access to the documents wherever and whenever you require; without having to carry the physical documents along.
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