Sentences with phrase «on behalf of the policyholder»
All future premiums are waived and insurance company continues investing money on the behalf of policyholder.
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The child plan, however, would not only pay the lump sum, but would, in fact, continue to invest on behalf of the policyholder.
In these policies, the insurance company utilizes a portion of the premium to meet administrative expenses and fund the death benefit, and it invests the remaining premium on behalf of the policyholder.
That said, insurers should be prudent with expenses that are directly within their discretion on behalf of all policyholders who ultimately pay the price.
The company may manage, promote and hold the assets on behalf of the policyholders.
Our litigation lawyers have a well - earned reputation for successfully resolving insurance coverage and liability disputes on behalf of policyholders, brokers and insurance companies alike.
In case of demise of the third party in a car, accident compensation will be made by court order on behalf of the policyholder.
The remaining premiums are paid by the insurance company on behalf of the policyholder.
An adjuster who works on behalf of policyholders to help them evaluate damage and rebuilding costs after a disaster, and to guide them through the insurance claims process.
It is generally found that insurance agents fill up the proposal form on behalf of policyholders.
In the event there is a legal challenge, the title firm takes over the litigation on behalf of the policyholder and will assume its costs.
All the remaining premiums are waived off & the company continues to invest money on behalf of the policyholder.
Foley Hoag attorneys in our insurance recovery practice have successfully handled a large number of environmental coverage claims on behalf of our policyholder clients.
Death Benefit: Upon the death of the policyholder, the beneficiary (child) will obtain the sum assured with added death benefits and the life insurer will waive off all the future premiums and pay on behalf of the policyholder.
Mr. Halprin's practice concentrates in commercial litigation and insurance recovery, exclusively on behalf of policyholders.
In the event a policy lapses for any reason, a mortgage lender will find an insurer to cover the home on behalf of the policyholder.
Locke is representing ARAG in a complex professional negligence claim brought on behalf of their policyholder against surveyors who it is alleged failed to identify various structural problems and subsidence during the course of surveying a high - value property.
Our team specialises in the resolution of insurance and reinsurance disputes, increasingly on behalf of policyholders and also advises extensively on non-contentious issues.
The maximum limit of liability payable by an insurance carrier on behalf of a policyholder during any given policy period
Insurance that pays and renders services on behalf of a policyholder who is unintentionally, but legally responsible for bodily injury or property damage that is caused to another person and covered in the policy.
Health insurance claims filed with carriers by providers on behalf of policyholders require little effort from patients; 94 % of medical claims were adjudicated electronically in 2011, a 19 % increase from 2006.
«Once the (insurance) purchase is completed, the insurer will begin the process of filing the certificate on the behalf of the policyholder.»
The insurer continues investing this money on behalf of the policyholder waiving off all the future premiums.
The insurer of the vehicle owner then compensates the decided amount to the third - party on the behalf of the policyholder.
As explained above, first the company pays at the time of death of the policy holder and because of its Waiver of Premium (WOP) feature it continues to invest in the fund on the behalf of the policyholder.
The best part of a child insurance policy lies in its waiver - of - premium feature; under which even after the unfortunate death of the policyholder, policy does continue paying all benefits, and all future premiums is borne by the insurer on behalf of the policyholder.
Premium payment may be made by policyholder alone and not by any third person on behalf of the policyholder except where it is not speculative and the third person has an insurable interest in the life assured.
The insurer takes the onus of paying premium on behalf of the policyholder, and it pays out all the benefits under the policy.
Fund management charges (FMC)-- FMC is the fee for managing the assets on behalf of the policyholder
Liability Insurance: Insurance providing money on behalf of the policyholder to pay because of bodily injury or property damage caused to another person and covered in the policy.
In that case, the term plan will pay the lump - sum amount and stop further investments but a Child Plan along with paying the lump - sum amount, continue investing on behalf of the policyholder.
Not only does the child plan offer a lump - sum payment on the death of the policyholder, but it also waives of all future premiums and the insurance company continues investing this money on behalf of the policyholder.
After that also, the insurance company continues investing money on behalf of the policyholder.
The insurance premium offered by the bank might be higher in comparison to other standalone insurance providers, as insurance is a third - party product and banks would have to purchase them on behalf of the policyholder.
After the lump sum is paid, insurer invests the remaining premiums on behalf of the policyholder and maturity benefits accrue as planned.
In such cases, on behalf of the policyholder, the insurance companies provides financial aid to develop child's future.