Sentences with phrase «on policy holders»

Wanted to know if there would be any effect on the policy holders when MAX merges with HDFC?

The general insurance sector in the country is of the size of close to Rs 75,000 crore in terms of gross business premium collections and over 80 per cent of the premium collections is spent on policy holders through claim settlements, according to M Rama Prasad, member (non-life) of the Insurance Regulatory and Development Authority of India (Irda).

Until the teen drivers get some driving experience and build a good driving record, it is a good idea to enroll with the family members as add on policy holders.

Mainak added that sales were also affected due to rise in premium amounts as service tax was now levied on policy holders.

Car insurance companies do raise rates on policy holders each year.

A surrender charge is levied on policy holders upon cancellation of their policy before maturity; i.e. the pre-defined length of the policy term, and is designed to cover the cost of keeping the policy on an insurer's books.

The additional term insurance option sometimes allows dividends to be used to purchase additional term insurance on the policy holders life.

My experience with AAA is they never act on policy holders behalf, but always on behalf of their their company.

Like Max's plan, Kotak's plan also has the option called «Recurring payout» wherein part of the claim is paid on policy holder's death and a fixed monthly / yearly amount is paid for next 15 years to the nominee.

Though it is child education plan, it also guarantees an immediate lump sum payment on the policy holder's death.

In many of these cases, a term life insurance policy is often the most inexpensive choice and the full face value of the policy pays out on the policy holder's death.

In general, a funeral cover will give out payment based on the policy holder's age and gender.

A high deductible health insurance policy places the a level of up front cost directly on the policy holder but in exchange has significantly reduced rates versus comparable HMO or EPO health plans.

With this type of coverage, the policy will renew each year, meaning that the yearly premium that is paid will be determined every year, based on the policy holder's current age.

Longevity annuities are like «reverse life insurance», meaning premium dollars are collected by the life insurance company by its policy holders to pay income when a policy holder lives a long life, instead of collecting premium dollars and paying a death claim on a policy holder's short life in ordinary life insurance.

Hence why the costs of life insurance vary, depending on the policy holder's age, gender, and other lifestyle choices — insurance companies use this information to estimate their claim totals each year.

Term life insurance is purchased for a certain period, or «term,» such as ten years, 15 years, 20 years, or even for 30 years, depending on the policy holder's needs.

Like Max's plan, Kotak's plan also has the option called «Recurring payout» wherein part of the claim is paid on policy holder's death and a fixed monthly / yearly amount is paid for next 15 years to the nominee.

But limiting the policy term to just a year means buying insurance will not become a burden on the policy holder.

In this case the insurer may advance 25 - 40 % of the death benefit of the base policy to the insured.It is necessary to note that the insurance company will deduct the amount he receives as the plus the interest from what the beneficiaries will receive on the policy holder's death owing to terminal illness

There are commission charges too when appointing an agent on a policy holder's behalf.

The cost of Life Insurance depends on the policy holder's age, Medical History, nature of work, type of policy selected, sum assured, policy terms, premium amount and the payment frequency.

But regardless of the policy chosen, reducing the premium rates is on every policy holder's mind.

In most states, drivers are required to purchase minimum liability coverage, which will emphasizes on the policy holder's responsibility to pay for the other person's medical expenses once found to be held responsible for the accident.

Non renewal is a decision by the insurer not to take on a policy holder for another year or for another covered policy period.

Premiums for new plans will be based on policy holder age and our standard rate at the time of the conversion.

Most of these groups concentrate their data on policy holder information.

Insurance21 Replied: 19-09-2017 18:33:46 Both the options provide return of purchase price on policy holder death, you can use calculator to know the pension rate and select as per your choice.

Not exact matches

A few weeks after we first reported on Tyler's case in 2013, then - Attorney General Eric Holder announced a major shift in America's policy of putting nonviolent criminals away for decades.

Some 70 % of shares in U.S. - listed companies today are held by mutual funds, pension funds, insurance companies, sovereign funds, and other institutional investors, which manage them on behalf of beneficiaries such as households, pensioners, policy holders, and governments.

SHARE director of law and policy Laura O'Neill said the only other directors she knows of who failed to win majority support this year were on the board of Quebecor Inc., where holders of class B subordinate shares voted just 43 per cent in favour of electing the entire board as a slate.

Although discussions of monetary policy since the crisis have mainly had to do with the quantity of money, and central banks» efforts to expand that quantity so as to stimulate spending, the effects of the crisis, and of governments» response to it, on the quality of money, and especially on the investments its holders have been funding, deserve at least as much attention.

FHA MIP, or mortgage insurance premium, is a type of insurance policy that protects lenders if an FHA loan holder defaults on his or her mortgage.

In the wake of a financial crisis associated with over-leverage, monetary policy can, by lowering interest rates, lessen the burden on the indebted sectors by shifting the burden in part to the net holders of interest - earning assets.

Osborne lists other factors critical to the success of his walk - on program: a freshman team that practices together and plays a five - game schedule («They're not just bag - holders their first year,» he says); the Huskers» nationally acclaimed weight program («I knew I needed a lot of work, and this was where I could get it,» says Morrow); and Osborne's policy of holding back about five scholarships per year for walk - ons, a true motivational carrot.

Here's Sen. Eric Schneiderman's brief appearance last week on «Countdown With Keith Olbermann» during which he discussed the passage of what's come to be known as «Ian's Law» — a bill that blocks insurance companies from dropping high - claims patients under the auspices of keeping costs lower for the majority of policy holders.

All around the world, political office holders are judged, celebrated or crucified based on their capacity to drive their own policy.

Back in 2005, Tony Blair held a meeting with Tory MEPs in his role as holder of the Council presidency, during which he implored us to support his Government's policy because he couldn't count on his own party's representatives to do so.

The policy — in the form of first Office Actions on a series of applications for patents on expressed sequence tags, ESTs — could greatly complicate basic gene therapy research by substantially allowing patents for small sequences of a gene that may later be used by the patent holder to corner ownership and uses of entire genes.

According to Reyes, who worked closely with New York City Council Speaker Christine C. Quinn on drafting this policy, many of the immigrants identified in this group are unlike those of the DREAM Act group, who are typically college - bound, in college, or degree holders.

The policy report also finds that charter school teachers earn 20 percent less than public district school teachers while their executives (often the charter holders) earn on average 50 percent more than their counterparts in similarly - sized public school districts.

Too often the policy related commentary comes from economists who see children as just another place - holder on a spreadsheet, but then there are the attorneys, the bankers, the CEOs and, inevitably, the tech tycoons.This creates problems including the fact that over a decade of «reform» has been a path to nowhere.

If you are the regular driver on the policy but not the policy holder, the policy holder must activate your profile on the online platform and after you have created your own online profile, you will be able to download and log onto the application.

In accordance with the dividend policy, the Board has declared a dividend equal to $ 0.15 per share of common stock of the Company to the holders of record of the common stock of the Company as of the close of business on August 7, 2015, with such dividend being payable on August 17, 2015.

Hi Vipul, on maturity of ulip for Type 2 option on a ulip do you get funds value + sum assured or is it only in case of death of policy holder.

Mortgage insurance is an insurance policy that protects a mortgage lender or title holder in the event that the borrower defaults on payments, dies or is otherwise unable to meet the contractual obligations of the mortgage.

21st Century keep up the good work your customer service skills are on point as well as the compassion you show your policy holders.

The policy holder needs to pay premium regularly or on lump sum basis.

In exchange, the policy holder pays premium either on lump sum basis or regularly.

In life insurance, the 1035 exchange is based on the IRS Code section that allows a policy holder to transfer policy cash value to a new policy without tax consequences.