Sentences with phrase «occurs during the policy term»

It is also clarified that if the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be payable.

The term of the policy usually lasts between 1 and 30 years and pays only if a death occurs during the policy term.

An occurrence policy covers claims resulting from an injury or other event that occurs during the policy term.

While the injury must occur during the policy term, a claim that results may be filed during or after the policy period.

Remember that there are a number of other factors that can impact your overall premium, including at - fault accidents or traffic convictions that may occur during the policy term.

If death of the insured occurs during the policy term, the beneficiary collects the face amount (death benefit) of the life insurance policy income - tax free.

The occurrence form covers bodily injury or property damage claims that occur during the policy term, regardless of when the claim is reported.

The General Aggregate Limit is the most money the insurer will pay under a certain coverage for all claims occurring during the policy term.

As a result, the family members also share the sum assured and are able to avail a host of benefits if any untoward occurrence occurs during the policy term.

Occurrence Policy: Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later.

Not exact matches

Term life only pays out the death benefit if you die occurs during the term of the polTerm life only pays out the death benefit if you die occurs during the term of the polterm of the policy.

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.

Medical Travel Insurance policy offers coverage for health problems that occur during the term of the policy but not already existing illnesses of an applicant.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

The claim is not covered under your occurrence policy either, since Ed's injury did not occur during the term of that policy.

The benefits under the rider shall be paid even in case when accident happens during the policy term and disability occurs beyond the policy tenure but happens within 180 days from the date of the accident.

It pays only if death occurs during the term of the policy, which is usually from one to 30 years.

Increases can occur according to the terms of your policy or at renewal, but not during the term of your contract.

Term Life Insurance pays a benefit only if death occurs during the term of the policy, which is usually from one to 30 yeTerm Life Insurance pays a benefit only if death occurs during the term of the policy, which is usually from one to 30 yeterm of the policy, which is usually from one to 30 years.

In contrast, to say a 30 - year term life insurance policy, which pays a death benefit only if the insured dies during a specified period of 30 years, a whole life policy provides for the payment of a death benefit regardless of when the death occurs in someone's life.

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 level term policy pays the same benefit amount if death occurs at any point during the term.

Critical Illness Rider: A critical illness rider safeguards the policyholder against the listed critical illnesses which may occur at any time during the policy term to the insured.

Death benefit — The amount of money that's paid out in the event of your death (if your death occurs during the policy's term).

It pays only if death occurs during the term of the policy, which is usually from 1 to 30 years while Whole Life or Permanent Insurance pays «death benefits» when the policyholder dies or prior to «Maturity» (that may occur at age 120 for example).

Income Benefit: Total of all the regular premiums due under the policy, after the date of death or diagnosis of cancer when occurs during the premium payment term is payable.

If an unfortunate event of death occurs to the policyholder during the policy term the nominee receives a sum assured also known as death benefit.

Term insurance is valued using the Table 2001 annual renewable term rates, and the policy cash value is any increase that occurred during the yTerm insurance is valued using the Table 2001 annual renewable term rates, and the policy cash value is any increase that occurred during the yterm rates, and the policy cash value is any increase that occurred during the year.

Policy Term — If death of the insured does not occur during dates of coverage stated in the life insurance pPolicy Term — If death of the insured does not occur during dates of coverage stated in the life insurance policypolicy.

Term life insurance is cheap because it only pays out if death occurs during that period of time covered by the duration of the policy tTerm life insurance is cheap because it only pays out if death occurs during that period of time covered by the duration of the policy termterm.

A slip - and - fall incident occurs during the term of your policy.

A level term policy, the most common type, pays the same benefit amount if death occurs at any point during the term; while a decreasing term policy pays less the closer you come to the end of the term.

There is no build up of cash value and the policy only pays out if death occurs during the term of the policy.