Sentences with phrase «life insured under»

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80 % of premiums paid or the surrender value.

Both of them provide the same benefit to the life insured under Section 80 C and 10 (10 D) of Income Tax Act, 1961.

In case the Life insured under the policy commits suicide.

Claims may not be taken or admitted if the life insured under the policy, whether medically sane or insane, commits suicide.

Claims may not be admitted if the Life Insured under the Policy, whether medically sane or insane, commits suicide.

Any policyholder who is a major and the Life Insured under a policy can make a nomination.

Any policyholder, who is a major and the life insured under a policy, can make a nomination.

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

The life insured under these plans are the parent who has a minor child to provide for.

Not exact matches

Generally, amounts you receive under a life insurance contract paid by reason of the death of the insured are not included in your gross income; such proceeds are received tax - free.

Second, seek legislation requiring that if a federally insured financial institution is required to pay fines to or settlements with any regulatory agency aggregating more than $ 2.5 billion in any two year period based on conduct that, if established, would constitute a crime under any law, then the CEO, President, and all Board members must step down, disgorge all of the bank's stock they own, and they are disqualified from holding any office at any federally - insured institution for the rest of their lives.

Life insurance is something that is becoming increasingly necessary to have yourself insured under because of the unstable economy and lives of people all around the world with the ever... Read More >>

In most cases, borrowers with FHA - insured home loans have to pay their FHA insurance premiums for the life of the loan, under the current guidelines.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will contUnder this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will contunder the policy will continue.

Generally, if you receive the proceeds under a life insurance contract as a beneficiary due to the death of the insured person, the benefits are not includable in gross income and do not have to be reported; any interest you receive is taxable and you should report it just like any other interest received.

Apart from all these benefit SBI life Smart Money Back plan offers a free look period of 15 days under which the insured can cancel the policy if he / she is dissatisfied with the terms and condition of the policy.

LIC still occupy 70 % of Life insurance business and has been the main culprit of its investors perennially remaining under - insured.

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Bharti AXA Life Premium Waiver Rider: - Under this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness / Death or ATPD / Both incase Rider is taken by propoUnder this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness / Death or ATPD / Both incase Rider is taken by propounder Critical Illness / Death or ATPD / Both incase Rider is taken by proposer).

Additional living expenses are covered under the policy, to make sure that the insured doesn't suffer a loss because of it.

Not as expensive as Whole Life, but again, I would be way under - insured than I'd like to be.

«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued under your policy, in the beneficiary's name within 48 hours and does not in any way indicate acceptance of any other policy liability.

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

This service is only available while insured under Standard Insurance Company's life insurance policy.

The initial monthly payment and interest rate are low under this FHA - insured mortgage product, but these may change during the life of the loan.

Maturity Benefit: Sum Assured on Maturity, which is the Sum Assured applicable under the Policy, is paid if the Life Insured survives till the Maturity of the Policy and the policy is in force.

Premium Waiver Rider: - Under this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness / Death or ATPD / Both incase Rider is taken by propoUnder this rider future premiums will be waived off in case of critical illness (for rider taken by Life Insured) and under Critical Illness / Death or ATPD / Both incase Rider is taken by propounder Critical Illness / Death or ATPD / Both incase Rider is taken by proposer).

Car insurance will also not cover damage that occurred when a person who lives with you but is not insured under your policy drives your vehicle.

Finally, your planner may go over the legal components of your plan, such as your power of attorney documents and wills to see if they need updating, and review your insurance (life and home) to make sure you're not over - or under - insured.

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.

The amount of money paid or due to be paid when a person insured under a life insurance policy dies, after adjustments for any outstanding policy loans, dividends, paid - up additions or late premium payments (if applicable) are made.

However, someone who does not have their own policy could be entitled to claim accident benefits as an unnamed insured through another policy.7 The classic example is a college or university student who lives at home with a parent and would be insured under their policy.

(3) If a person qualifies for a non-earner benefit under paragraph 2 of subsection (1) and more than 104 weeks have elapsed since the onset of the disability, the amount of the non-earner benefit is $ 320 for each week that the insured person suffers a complete inability to carry on a normal life, less the total of all other income replacement assistance, if any, for the same week.

(f) an individual who is living and ordinarily present in Ontario is deemed to be the named insured under the policy insuring an automobile at the time of an accident if, at the time of the accident,

(2) An individual who is not living and ordinarily present in Ontario shall be deemed for the purpose of this Regulation to be the named insured under the policy insuring an automobile at the time of an accident if, at the time of the accident,

(1) An individual who is living and ordinarily present in Ontario shall be deemed for the purpose of this Regulation to be the named insured under the policy insuring an automobile at the time of an accident if, at the time of the accident,

As an employee, she was a member of the North Bay Police Association and insured under a group policy of insurance issued by the defendant, Sun Life, to the association.

We recognize that some health plans, though very large in terms of receipts (and insured lives), nonetheless would be considered «small businesses» under this definition because they are non-profits.

For example, assume a male employee, age 40, entered into a split - dollar agreement with his employer before January 28, 2002, under which the employer pays all of the premiums, and in 2004 the employer paid a premium of $ 10,000 on a $ 1,000,000 life insurance policy insuring the life of the employee.

Under - insuring yourself could cause future hardships, while buying too much life insurance could result in bloated premiums that take away from your current lifestyle.

Pros: The main advantage of this form of life insurance coverage is for those who suffer from a particular medical condition that would make the difficult to insure under normal circumstances will be covered by this policy.

If the group of proposed insureds is acceptable, the insurance company dispenses with individual underwriting (for example, a whole life policy may offer a guaranteed amount of $ 10,000 for eligible applicants under age 35.)

Under the terms of a life insurance policy, the insurer will generally make a payment upon the death of the insured.

Hello, I'd like to get some additional life insurance for my elderly mother who is under insured for only $ 10k.

He has a group term life insurance policy through work, but met with their financial adviser who told them he was probably is under insured.

Life insurance pays out if the person insured under the policy dies.

If the insured, the person covered under the life insurance contract, is diagnosed with a significant medical condition that is determined to be terminal by a physician, the policy owner can apply for accelerated death benefits up to certain limits established by the insurance company.

If any contract which is a life insurance contract under the applicable law does not meet the definition of life insurance contract under subsection (a), the excess of the amount paid by the reason of the death of the insured over the net surrender value of the contract shall be deemed to be paid under a life insurance contract for purposes of section 101 and subtitle B.

All the dependent children must be under the age of 21 (or 20 depending on the travel insurance provider) and living in the same home with the insured adult (s) to be eligible for coverage.

Especially call us if you're being insured with one of the life insurance call centers who are notorious for under serving those with minor health issues.