Sentences with phrase «of policy period»

If you reach the end of the policy period, you can convert it to a permanent life insurance policy without losing your entire investment.

At the end of the policy period (30 years), John is still alive, so the insurance company sends John a check for $ 22,320 which represents the premiums he has paid over the term of the policy.

So, the maturity amount is paid at the end of the policy period, so it is 22nd policy year beginning and not in 21st.

2) Maturity Benefit: An investor who is alive till the end of the policy period would get the fund value as maturity amount.

PREMIUM UNEARNED: The portion of an insurance premium which applies to the unexpired portion of the policy period.

In case of an early return of the insured prior to expiry of the policy period the company will refund premium subject to terms and conditions

Also, the premiums are paid at the beginning of the policy period.

To determine your Georgia workers» compensation premium, your annual payroll at the beginning of the policy period is divided by 100, and then multiplied by the base rate.

IDV is considered as the sum insured and it is fixed at the commencement of each policy period for a motor vehicle.

If you sign on to a typical 12 month auto insurance plan, you are pretty well stuck with that particular insurance provider for the duration of the policy period.

IDV is calculated on the foundation of the current day's showroom price of the car multiplied by the depreciation rate that is set by the TAC at the inception of each policy period.

Different companies can vary on this, so it is important to know about the specific terms and provisions included in your coverage agreement that pertain to customers canceling prior to the end of the policy period when you're trying to find the best auto insurance.

Miscellaneous Vehicles: When you insure a miscellaneous vehicle, like a motorcycle, with us and buy a second one, automatic coverage applies to the end of the policy period.

If you retain the policy till the end of the policy period, loyalty additions if any, (but not guaranteed) would be paid.

Refund of premium on early return - In case of any early return of the insured person prior to expiry of the policy period the company will refund the premium at the following rates subject to no claims being incurred on the policy.

Any diagnosis of diseases / undergoing of surgery / occurrence of event, whose signs or symptoms first occur within 90 days of Policy Period Start date.

When you insure a miscellaneous vehicle, like a motorcycle, with us and buy a second one, automatic coverage applies to the end of the policy period.

End of the policy period, if insured is survived, he would just get the amount of premium what he paid.

The maturity amount is allocated at the conclusion of the policy period, or on the demise of the policy owner which one is prior.

In case of early return of the insured prior to expiry of the policy period Bajaj Allianz will refund premium subject to terms and conditions

When we put together our car insurance coverage policies, we have to set our deductibles as well as the limits of coverage at the outset of the policy period.

Disease contracted within 15 days from commencement of policy period.

Not only this, the insurance company may also fund future premiums and the child gets the value accumulated at the end of the policy period.

This return does not include any substandard charges (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the policy period, if the life insurance policy is still in force at that time.

Rather, you submit a report at the end of the policy period that lists the vehicles you owned when the policy began, and the autos you acquired during the policy period.

A term insurance plan that provides life cover, and pays back your premiums at the end of the policy period.

The length of a policy period can vary per insurance carrier.

(And even if you are on a 12 - month term, you can still shop around and switch in the middle of your policy period.)

If a covered Injury or Illness requires continuing Treatment after the expiration of the Policy Period, an Insured Person may receive continuing Treatment for the covered Injury or Illness for up to 6 months per Injury or Illness, subject to the following: if the Policy Period expires while the Insured Person is outside the Home Country, a covered Injury or Illness incurred while outside and prior to returning to the Home Country, and that covered Injury or Illness requires continuing Treatment, the Company will review and determine the date of initial Treatment for the covered Injury or Illness, and if such date is prior to the expiration of the Policy Period, Eligible Medical Expenses for the covered Injury or Illness will continue to be reimbursed until there has been at least the minimum number of days of continuous Treatment for the covered Injury or Illness, subject to the limits set forth in the Schedule of Benefits / Limits, and all other Terms of the insurance plan.

If you pay in full, the start of your policy period will be when your payment is due.

If the insured suffers from any critical illness before 65 years and during the first 30 years of the policy period, then 50 % of the sum assured is paid to the nominee @ maximum of Rs. 50 lakhs.

Most small and mid-sized businesses are comfortable with guaranteed cost premiums because they are predictable, and don't adjust over the course of the policy period.

A major function of a policy period is that it dictates your payment due date.

Survival Benefit: Contingent to the policyholder being alive and all due premiums being paid, at the end of every four years of the policy period, a fixed percentage of the Basic Sum Assured would be paid out.

This is an alternative to other types of life insurance where both premium prices and death benefit values can both change significantly over the course of the policy period.

If the insured person dies before the conclusion of the policy period, the following events can occur under the LIC Bima Bachat Plan:

Policy termination: In case the insured person returns the policy prior to expiry of the policy period, the company will refund premium at the following rates subject to no claims being incurred on the policy.

Although coverage increases over the course of a policy period, the resulting higher premium is not usually billed until time of renewal.

This deposit is made over the course of the policy period.

What the minimum guarantee of pension plans offers you is awareness of the amount that you will definitely receive at the end of the policy period.

At the end of your policy period, you will get a maturity benefit, which will include all the premiums you have paid till date, plus revisionary bonus and terminal bonus.

This means that the policyholder will receive a survival benefit in the fifth, tenth and fifteenth years of the policy period and the rest on maturity at the end of 20 years.

Another form of bonus that may be declared and given by the company to the policyholder at the end of the policy period is the final additional bonus.

Plan F: When a covered Injury or Illness is incurred by the Insured Person, the Company will pay 80 % of Reasonable and Customary medical charges for Covered Expenses, excess of the Policy Period Deductible as stated on the ID Card, up to the Medical Maximum as stated on the ID Card.

Plan E: When a covered Injury or Illness is incurred by the Insured Person, the Company will pay 100 % of Reasonable and Customary medical charges for Covered Expenses, excess of the Policy Period Deductible as stated on the ID Card, up to the Medical Maximum as stated on the ID Card.

As a rule, the surrender value is generally more for single premium plans where the entire premium for the policy is paid at the beginning of the policy period.

It provides a sum assured amount that accrues at the end of the policy period.

Reversionary Bonus: Also called a regular bonus, this is an annual bonus which depends on the performance of the insurer and is added to the fund every year, payable at the end of policy period of these best investment options.

The risk cover of the term life insurance lasts till the end of policy period which could be as long as 35 years.

Issued as a 15 year term policy this plan offers guaranteed income for the next fifteen years (post completion of the policy period).