Sentences with phrase «of risk commencement»

Note: 8 Years is minimum age of risk commencement under this policy and Loyalty Addition is applicable only after 5 years of successful policy term.

Date of risk commencement for children age of less than 8 years is 2 years.

Date of risk commencement: It is the date from which the risk cover of an accepted proposal form starts.

Suicide Exclusion: If the life assured, whether sane or insane, dies due to suicide within 12 months from the date of inception of the policy (effective date of risk commencement) or the date of revival of policy, the policy shall terminate immediately.

Please Note: Under this policy, the minimum age of risk commencement is 8 Years.

Not exact matches

In an effort to meet that challenge, schools began offering credit recovery programs — opportunities outside of the standard curriculum for at - risk students to earn course credits and get back on the road to commencement.

As 2017 came to a close there were numerous virtuous factors providing a tailwind for risk assets, including about $ 1.7 trillion of new global liquidity injections during the last three quarters, despite the commencement of Federal Reserve balance sheet runoff.

In case of unfortunate death of the policy holder death risk commencement, only premium paid will be paid back.

However, if the death occurs before the commencement of the risk, only the basic premiums are paid back to the nominee.

If the policyholder dies after the commencement of risk cover, the whole sum assured with other bonuses will be paid to the beneficiary.

If the policyholder dies before the commencement of risk cover, the entire premium paid along with other benefits will be paid back to the beneficiary.

The risk cover will begin a year after the commencement of policy, if the child has completed 8 years by that time.

It is given at the maturity of the policy or when the person dies after commencement of risk cover.

Out of which Section 1 b is compulsory to opt for the commencement of the risk under this policy.

In case of demise of the life assured, before the date of commencement of risk, the premium amount excluding the extra premium, taxes and rider premium (if any) is payable to the beneficiary of the policy.

In case of demise of the life assured, after the date of commencement of risk, the sum assured amount + reversionary bonus + final additional bonus is paid to the beneficiary of the policy.

Deferment period is the period that lasts from the date of commencement of the policy to the date of commencement of risk on the child's life.

Risk cover starts from date of commencement of policy for all lives including minors.

Suicide Clause: In case an insured member commits suicide within 12 months from the risk commencement date of the member, his / her nominee will receive 80 % of the premiums paid in respect of the insured member.

Policy Exclusions: The policy shall be void if the Life Assured (whether sane or insane) commits suicide at any time within 12 months from the date of commencement of risk and the Corporation will not entertain any claim under this policy except to the extent of 90 % of the single premium paid excluding taxes and any extra premium paid.

In the event of the Life Assured committing suicide (be it sane or insane) at any time within one year from risk commencement date, Jeevan Ankur Policy by LIC gets terminated.

On death of the policyholder before the commencement of risk, an amount equal to the policyholder's fund value will be payable.

Subsequently, if there is a claim made after 3 years post the commencement of risk or issuance or reinstatement of the policy, the insurance service provider loses the right to cancel the policy on the basis of false statements made in the insurance form.

On death before the date of commencement of risk: All the premiums paid (excluding extra premium + premium for premium waiver benefit (if any) + interest of 3 % p.a compounding yearly.

If the insured is aged less than 12 years, the risk cover will start 2 years after the commencement of the plan.

** The Waiting Period is 180 days from the Date of Commencement of Risk or date of latest revival, whichever is later.

Only the Single Premium paid would be paid to the nominee if the Life Insured dies before the commencement of risk

In this child insurance plan the sum assured plus bonus is paid straight away to the nominee on death of the life insured after commencement of risk.

Suicide Clause: If the policyholder commits suicide within 12 months of the date of revival or the date of commencement of risk, then 80 % of the premium of what has already been paid, will be returned to the nominees or assignees of the policyholder.

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

There are some circumstances when the policy will not be cleared: ● If the policyholder commits suicide within 12 months from the date of commencement of risk, then LIC will only pay the 80 % premium paid till date which will be excluded from extra premiums and also service taxes.

Before commencement of risk: In this case the death benefit will be only the sum of premiums paid excluding taxes and extra or rider premium.

Suicide clause - If the policyholder commits suicide before 2 months from the date of commencement of risk, he / she can be returned with 90 % of the premium paid without any taxes or extra premium.

Any diseases existing / treated prior to one year of commencement of risk whether declared or not.

(«Date of commencement of risk»: In case the age at entry of the Life assured is more than 8 years or more, risk will commence immediately.

In case of death of policy holder, the fund value accumulated till date will be paid to nominee in case death before the date of commencement of risk.

* for entry age below 5 years, risk commences after 1 Year and 11 months from the date of commencement of the policy.

- After the date of Commencement of risk: In this case, Sum Assured on death is decided based on the single tabular premium.

But if unfortunate death happens after commencement of risk, then nominee will get Sum Assured on death + Vested Simple Reversionary bonuses and Final Additional Bonus (if any).

a) Death before date of commencement of risk: If the death of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without interest.

If death of the insured occurs after the commencement of risk, death benefit amount including «Sum Assured on death + Final Additional Bonus + Accrued Bonuses will be paid.

Date of commencement of risk - Risk commencement starts from the day one i.e. when the policy is tarisk - Risk commencement starts from the day one i.e. when the policy is taRisk commencement starts from the day one i.e. when the policy is taken.

In case of death before the commencement of risk, policy holder's family will get the paid premiums till date after deducting taxes, extra premium and rider Premiums (if any).

On death after the commencement of risk a definite sum of Sum Assured on Death and vested Simple reversionary bonuses along with final additional bonus are given.

If the policyholder dies after the commencement of risk date then the sum assured plus accrued bonus would be paid as death benefit.

- Before the date of commencement of risk: In this case, the single premium is refunded to the nominee without giving any interest on the amount.

Before the date of commencement of risk: In this case, the single premium is refunded to the nominee without giving any interest on the amount.

Death Benefits - If the life assured dies before the commencement of the risk, the paid premiums are returned.

In case of any mishappening that causes the death of the insured person before the date of commencement of risks, LIC is bound to refund the single premium without any interest.

Before the commencement of the risk, during the first five years of the policy, single premium is refunded without any interest and is free from taxes, extra chargeable premium and rider premium.