Sentences with phrase «of insured person»

The Patriot Multi-Trip plan also offers emergency reunion coverage, up to $ 50,000 for a maximum of 15 days, for the reasonable travel and lodging expenses of a relative or friend during an emergency medical evacuation of the insured person: either the cost of accompanying the insured during the evacuation or traveling from the home country to be reunited with the insured.

Life insurance can be defined as a contract between LIC and a policyholder, whereby you agree to pay certain premium for a specific term and LIC promises to pay a sum of money on a specific term, it can be either on death of the insured person or maturity date, whichever is earlier.

Some people choose to receive their life insurance payout all at once to help them pay for funeral costs, medical bills and other expenses that occur as a result of the insured person's death.

Sometimes, as much as 80 % of the death benefit, may be made available, at any time within the last year or two of the insured person's projected life.

It is insurance that provides a cash benefit to survivors upon the death of the insured person.

Although traditional life insurance was developed to provide a death benefit to a beneficiary in the event of the insured person's death, several products evolved in the latter part of the 20th century that incorporated savings or investment.

Unlike a regular health insurance plan which only reimburses or supports the treatment cost of the insured person, a rider — once triggered — gives a committed payout for the given conditions.

If an imposter obtains key personal information such as a Social Security or Driver's License number, or other method of identifying an insured person in order impersonate or obtain credit, merchandise or services in the insured person's name, the Patriot Multi-Trip plans provide coverage for up to $ 500 for the reasonable, customary and necessary costs incurred by the insured for: re-filing a loan or other credit application that is rejected solely as a result of the stolen indentity event; notarization of legal documents, long distance telephone calls, and postage that has resulted solely as a result of reporting, amending and / or rectifying records as a result of the stolen identity event; up to three credit reports obtained within one year of the insured person's knowledge of the stolen identity event; and stop payment orders placed on missing or unauthorized checks as a result of the stolen identity event.

The Company will not provide any benefits, reimbursements or coverages for any of the costs or expenses incurred by the Insured Person for a re-return trip, if any, to the original location of the Insured Person at the time of learning of such death or destruction.

All conditions and provisions of the insured person's certificate of insurance apply.

The insurance company promises to pay out a death benefit upon the passing of the insured person.

The policies offer life insurance coverage that pays money to a designated survivor upon the death of the insured person.

It defines life insurance «as a contract between and insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.»

This is a health insurance plan that meets the health insurance needs of the insured person and his or her loved ones with the benefit of specific sum insured amounts for each person.

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

Non-disclosure of other policies can not be a ground for repudiation of an insured person's claim

Family members of the insured person: spouse or life partner, their children, adoptive and step - children, parents, adoptive and step - parents, siblings, grandparents, grandchildren, parents - in - law, sons and daughters - in - law and brothers and sisters - in - law of the insured person, aunts and uncles, nieces and nephews and the life partner of any of the insured travelling companions.

Under this rider benefit the nominee of the policy receives the extra sum assured amount on top of basic sum assured amount in case of accidental demise of the insured person.

K. POLITICAL EVACUATION AND REPATRIATION — If the United States Department of State, Bureau of Consular Affairs or similar government organization of the Insured Person's Home Country orders the evacuation of all non-emergency government personnel from the Host Country, due to political unrest, that becomes effective on or after the Insured Person's date of arrival in the Host Country, the Company will pay up to US$ 10,000 lifetime maximum for transportation to the nearest place of safety or for repatriation to the Insured Person's home country or country of residence provided that:

War, hostilities or warlike operations (whether war be declared or not), Invasion, Act of an enemy foreign to the nationality of the Insured Person or the country in, or over, which the act occurs, Civil war, Riot, Rebellion, Insurrection, Revolution, Overthrow of the legally constituted government, Civil commotion assuming the proportions of, or amounting to, an uprising, Military or usurped power, Explosions of war weapons, Utilization of Nuclear, Chemical or Biological weapons of mass destruction howsoever these may be distributed or combined, Murder or Assault subsequently proved beyond reasonable doubt to have been the act of agents of a state foreign to the nationality of the Insured Person whether war be declared with that state or not.

The size of a CRVM reserve, as with most life reserves, is affected by the age and sex of the insured person, how long the policy for which it is computed has been in force, the plan of insurance offered by the policy, the rate of interest used in the calculation, and the mortality table with which the actuarial present values are computed.

Death benefit is paid as the total sum assured amount to the nominee of the policy in case of uncertain demise of the insured person of the policy.

(1) the Insured Person contacts the Company within 10 days of the United States Department of State, Bureau of Consular affairs or similar government organization of the Insured Person's Home Country issuing the evacuation order; and

During its probe, IRDA found Apollo Munich the violator of Insurance Act, 1938 which says that it is not legal to accept the risk of insured person before the receipt of the premium.

This section provides cover to the baggage of the insured person against accidental loss or damage while travelling anywhere in India.

There are two major types of insurance plans that provide benefits in the event of an insured person's death.

Death Benefit: In case of the demise of the insured person the beneficiary of policy LC Jeevan Anand is payable of total sum assured amount along with the simple reversionary bonus and the tenure of the policy continues to be inforce.

In many cases, third - parties file claims on behalf of the insured person, but usually only the person (s) listed on the policy is entitled to claim payments.

Paid - Up Insurance: An insurance policy that does not require future premium payments to provide the death benefit of the insured person.

K. POLITICAL EVACUATION AND REPATRIATION — If the United States Department of State, Bureau of Consular Affairs or similar government organization of the Insured Person's Home Country orders the evacuation of all non-emergency government personnel from the Host Country, due to political unrest, that becomes effective on or after the Insured Person's date of arrival in the Host Country, the Company will pay up to the amount shown in the Schedule of Benefits / Limits for transportation to the nearest place of safety or for repatriation to the Insured Person's Home Country provided that:

The entry age is the age of the insured person at the beginning of the insurance policy.

In the event of the death of the insured person 100 % of the Sum Assured will be provided to the legal representative or assignee or nominee of the insured person.

Generally, the purpose of life insurance is to provide peace of mind by assuring that financial loss or hardship will be alleviated in the event of the insured person's death.

Services or supplies performed or provided by a Member of the Insured Person's family, or anyone who lives with the Insured Person;

his is a health insurance plan that meets the health insurance needs of the insured person and his or her loved ones with the benefit of specific sum insured amounts for each person.

A death benefit, also known as the coverage amount, is how much will payout upon the death of the insured person.

This rider guarantees to provide additional benefits in case of the insured person's death, disability or dismemberment caused by some accident.

The term «Coinsurance» shall mean the percentage amount of eligible Covered Expenses, after the Deductible, which are the responsibilities of the Insured Person and must be paid by the Insured Person.

This section covers the legal liability of insured person for any physical injury or loss or damage to the property of third party.

In case of death of the insured person due to bodily injury resulting solely and directly from due to accident caused by external, violent and visible means, the company will pay a lump sum allowance of 1 % of the capital sum insured for transferring the insured person's dead body to the residence.

It is the responsibility of the insured person to provide proof of ownership of any lost,

Place and contact details of the insured person if the person intimating the claim is not insured.

Payment of compensation in respect of death, disablement, injury, illness disease hospitalization of the insured person due to or arising out of, directly or indirectly due to war irrespective of declared or not, invasion, hostilities, civil war, martial law, act of foreign enemy, rebellion, revolution, insurrection, military or usurper power, riot or civil commotion, seizure, capture, arrests, restraints and detainments.

Funeral expenses: The company will provide a payment for a fixed amount as mentioned in the schedule for funeral expenses of the insured person.

Funding of Future premium is offered by the policy under which all the future premium due under the policy is waived off in case of demise of the insured person.

Duration of the trip is over 60 days and age of the insured person is over 60 years visiting USA or Canada.

By Us: We may at any time terminate this Policy on grounds of misrepresentation, fraud, non-disclosure of material facts or non-cooperation by you or any Insured Person or anyone acting on your behalf or on behalf of an Insured Person upon 30 days notice by sending an endorsement to your address shown in the Schedule without refund of premium.

This section provides protection for repayment of your monthly EMI for loan against home, vehicle or any consumer durables etc for maximum period of 1 year, in case of total disablement of the insured person due to sickness or accidental injury

The choice between the two should depend on the convenience of the insured person, his ability to pay, and the discount provided in the lump sum amount.

This plan provides adequate compensations in cases of visit by an immediate family member of the insured in cases of hospitalization or due to repatriation of the insured person owing to a sudden death or any kind of medical emergency in the family, resulting in disturbance in the study.