Sentences with phrase «of policy commencement»
Insurance coverage is available for all kinds of pre-existing diseases after 12 months of policy commencement.
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Every plan has a different look - back period, but it is usually around 2 - 3 months prior to the date of policy commencement.
If suicide is committed within a year of policy commencement or revival, 80 % of the premiums paid till death would be paid provided the policy is in force.
This means that the health status of the policyholder at the time of the policy commencement is taken into consideration only.
However, if the insured dies within the waiting period (180 days), the premium paid from the point of policy commencement, fewer taxes will be reimbursed to the claimant.
In case an insured person commits suicide within 12 months of policy commencement, the nominee is entitled to 80 % the premiums paid.
If the Life Insured person commits suicide within a year of the policy commencement only the Total Fund Value in the unit account as at the time of demise, would be refunded.
A policyholder can claim at the first diagnosis of any critical illness, provided the critical illness has been diagnosed after 90 days of the policy commencement date or the date of reinstatement.
If suicide is committed within 12 months of policy commencement or revival, higher of total premiums paid or acquired Surrender Value is refunded
The risk cover on the child starts after he completes 8 years of age or 2 years from date of policy commencement, whichever is earlier
The Death Benefit or Annuity Benefit is paid to the nominee if the annuitant commits suicide within one year of the policy commencement date.
For instance, some policies have a waiting period clause stating that if there are any pre-existing diseases, then before filing the claim, the policyholder will have to wait a minimum of 12 months from the time of policy commencement.
In case such a claim is placed with the insurer, the company will refund the entire premium amount received till date, starting from the point of policy commencement, along with all late fees and interests paid in that context.
The risk cover will begin one day before the completion of 2 years of the policy commencement or one day before the policy anniversary which coincides with or follows the completion of 8 years of age.
The guaranteed death benefit is not payable in case the life insured (whether sane or insane) commits suicide within 12 months from the date of policy commencement.
Dear Santanu I have a Jeevan Aanand Policy with following: Sum Assured = 10,00,000 / - Acceidental Benefit = 5,00,000 / - Premium = 7962 / -(quaterly) Date of Policy commencement (i.e, first premium) = 02/02/2013 Total premiums paid = 14 (each quarter) Date of Maturity = Nov 2042
If suicide is committed within 12 months of policy commencement, 80 % of premiums paid are refundable and if committed within 12 months of policy reinstatement, higher of 80 % of premiums paid or acquired Surrender Value is payable
This becomes a saving grace while claiming for damages, because there are official records substantiating your vehicle's actual condition at the time of policy commencement / renewal.
If suicide is committed within 12 months of policy commencement, only 80 % of the premium paid is returned to the nominee
If suicide is committed within 12 months of policy commencement, 80 % of premiums paid are refundable and if suicide is committed within 12 months of policy reinstatement, higher of 80 % of premiums paid or acquired Surrender Value is payable
In case of suicide committed within 12 months of policy commencement, 80 % of premiums paid is refundable and if committed within 12 months of policy revival, higher of 80 % of premiums paid or the acquired Surrender Value is payable
No coverage is given during the waiting period which is usually first 30 of policy commencement.
If suicide is committed within 12 months of policy commencement, 80 % of premiums paid are refundable and if the suicide is committed within first 12 months of policy reinstatement, higher of 80 % of premiums paid till date or the acquired surrender value is payable
Suicide: In case of suicide committed within 12 months of policy commencement, 80 % of premiums paid is refundable and if the suicide is committed within 12 months of policy revival, higher of 80 % of premiums paid or the acquired surrender value is payable
If suicide is committed within a year of policy commencement or revival, higher of 80 % of the premiums paid till death or the Surrender Value acquired would be paid provided the policy is in force.
Second draw - back in this HDFC Life Health Assure Plan is that Pre-existing diseases are covered only after 3 years of policy commencement date.