Sentences with phrase «making applicable deductions»

If the subscriber is not in sync with the terms and conditions mentioned in the policy document and overall is not satisfied with the policy, then he / she may return the policy within this cooling period upon which the company will refund the first premium paid by the subscriber after making the applicable deductions.

If the subscriber is not satisfied with the terms and conditions mentioned in the policy, then he / she may return the policy and the policy shall stand cancelled and the first premium paid will be returned by the company after making the applicable deductions.

If the insured dies within the grace period, then, death benefits under the plan shall be payable which is the complete sum assured after making applicable deductions of the premiums due.

And, if the insured surrenders his plan before completing 5 years with his plan then the Fund Value after making applicable deductions of discontinuation charges is credited to the Linked Discontinued Policy Fund.

Not exact matches

All the tax benefits and deductions are applicable as per current tax law amendments made by the current ruling body or the regulatory authority.

If you disagree to any of the terms or conditions in the policy, you can cancel the life insurance policy within 15 days from the date of receipt of the policy document In such type of cancellation you are entitled to get a refund of the premium paid after deduction of the applicable charges In case of ULIPs, you can: Make partial withdrawals, Make fund switches, Make premium redirection For more information on our life insurance products, click here!

Also, when claiming from two policies, first take the policy with applicable sub-limits to understand deductions made under different heads like doctor's fees, hospital room rent etc..

Payroll processing includes filling up of W - 4 forms by all employees, creating a payroll records system, calculating applicable deductions, determining the suitable payment methods and making deposits.