Sentences with phrase «paid in case insured»

The benefit paid in case the insured commits suicide within 12 months of policy inception or revival is equal to the fund value including Top - up Fund Value as on that date.

A guaranteed cash sum will be paid in case insured is diagnosed with one of the below mentioned 8 critical diseases.

Under the Rider, an additional Sum Assured is paid in case the insured dies in an accident.

The riders available include Aegon Life CI Rider covering specific Critical Illnesses where the Sum Assured is paid in case the insured is diagnosed with any Critical Illness covered by the rider, Women Care Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered illness and TPD Rider where the Sum Assured is paid if the insured is diagnosed with Total and Permanent Disability

The riders available include Aegon Life AD Rider which provides the payment of additional Sum Assured in case of accidental death, WOP Rider on CI where future premiums are waived if the insured is diagnosed with a Critical Illness while the coverage continues, iCI Rider covering four Critical Illnesses where the Sum Assured is paid in case the insured is diagnosed with any Critical Illness covered by the rider, Women CI Rider which covers women specific Critical Illnesses and provides part payment of the Sum Assured if the insured is diagnosed with any one of the covered illness.

The rider promises a fixed daily amount to be paid in case the insured is hospitalized.

Not exact matches

In most cases, borrowers with FHA - insured home loans have to pay their FHA insurance premiums for the life of the loan, under the current guidelines.

a. Death Benefit (other than death due to Accident)-- During Waiting period of 90 days: In case of the death (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable taxes.

This Life Term Rider pays out an additional Sum Assured in case of death of the Life Insured.

Maturity Benefit: In case the Life Insured survives till maturity and all due premiums have been paid till the date of maturity, Maturity Benefit will be payable to the Policyholder as Sum Assured on Maturity equal to the chosen Sum Assured.

Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): This is a non-linked and regular pay rider that provides 100 % Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in force.

Bharti AXA Life Term Rider pays out additional Sum Assured in case of death of the Life Insured.

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy terms.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

If the insured employee passes away, the key man policy's death benefit would be paid to the company free of income tax in most cases.

Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): This is a non-linked and regular pay rider that provides 100 % Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in - force.

In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the benefits as mentioned below will be payable to the Policyholder

In case if the insured fails to pay the premium on time then they can pay the due premium under the grace period of 30 days offered by the insurer.

Get Higher of Sum Assured on Maturity or 11 times the base annualized Premium or 105 % of premiums paid till date of death, in case of an unfortunate event of death of the life insured.

This non-linked and regular pay insurance rider provides 100 % Sum Assured in case of death of the Life Insured due to an accident, subject to the rider policy being in - force.

When an insured makes a claim, they assign their right of recovery to the insurance company, allowing the health insurance company in this case to go after the responsible party (you) to recover what they paid on the claim, through a process called subrogation.

On the protection side, it generally includes a tax - free death benefit to your loved ones and has an optional feature that gives you the ability to access your policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

If that's the case and house prices have fallen significantly isn't the borrower just insuring their ability to pay back the lender vs. say in a traditional house fire where the area (land) would retain value and they might rebuild and not lose significant value?

Family Care Benefit, is a unique proposition by way of which, a part of the life insurance benefit i.e. Rs 100,000 is paid as a lumpsum to the nominee in case of death of the life insured, within 48 hours ** of submission of all relevant claim documents.

If the insured dies early in the policy's life, the death benefit paid to beneficiaries will be much lower than would be the case if option A was chosen.

In any case, it is important to note that with the PlanRight final expense whole life insurance policy, regardless of the insured's health condition, provided that the premiums remain paid, the coverage will never be cancelled by the insurance company.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highest of:

This means that in many cases the full amount of death benefit will be paid upon the death of the insured without a waiting period.

In such a case, the joint insurance policy would pay a death benefit after the last insured dies.

You pay an insurance carrier to accept the risk that you would have assumed instead, and in most cases, you don't get anything in return if you don't suffer the consequences of that risk while insured.

In this case the insured is buying a form of paid - up insurance, because the death benefit is guaranteed and there are no further premium obligations.

On the protection side, it generally includes a tax - free death benefit to your clients» loved ones and has an optional feature that gives them the ability to access their policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to employers ~

The insurance company promises it will pay the insured person a specific amount of money in case a certain event happens.

Areas of law: Insurance law; Subrogation; Income replacement plan; Statutory exceptions ~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to employers ~

On the other hand, when the insurance company gets a formal lawsuit served in its insured, the insurance company, most likely, will take the case seriously and pay you more money.

Notwithstanding anything else contained within this Policy, in the event that the proceeds of the Insured Mortgage are paid to any person or entity other than: i) to the registered title holder or holders, as the case may be

You should look for an ATE provider that can reassure the client by offering to defer payment of the premium until conclusion of the case and that «self - insures» the premium in the event of losing so that the client does not have to pay it.

(1) Subject to subsection (2), medical or rehabilitation benefits shall pay for all reasonable and necessary expenses incurred by or on behalf of an insured person as a result of the accident for services provided by a qualified case manager in accordance with a treatment and assessment plan under section 38,

Sample # 2: Notwithstanding anything else contained within this Policy, in the event that the proceeds of the Insured Mortgage are paid to any person or entity other than: i) to the registered title holder or holders, as the case may be; ii) holder (s) of prior registered encumbrances (s); iii) an execution or judgment creditor (s); iv) to a non-registered covenantor that is a spouse, child or parent of the registered title holder or holders; v) to credit card companies for credit cards in the name of the registered title holder or holders or in the name of non-registered covenantor (s) that are the spouse, child or parent of the registered title holder or holders; then the Company can deny coverage and shall have no liability to the Insured for any matters that involve the allegation of mortgage / title fraud, including challenges to the validity and enforceability of the Insured Mortgage.

(1) The insurer shall pay all reasonable and necessary expenses incurred by or on behalf of an insured person as a result of the accident for services provided by a qualified case manager in accordance with a treatment plan if,

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While no insurance company will pay for the cost of intentional injuries inflicted by an insured, they could be responsible to cover third - party liability in such a case.

The company refused to pay, and instead of defending their paying client who was fully insured, paid for the other party's lawyers in an attempt to have the case thrown out of court.

In case the insured dies during the grace period, the insurer is liable to pay the death benefit (coverage amount) to the beneficiary named in the policy, less any amount outstanding (including the unpaid premiumIn case the insured dies during the grace period, the insurer is liable to pay the death benefit (coverage amount) to the beneficiary named in the policy, less any amount outstanding (including the unpaid premiumin the policy, less any amount outstanding (including the unpaid premium).

For instance, in some cases, only a portion of the death benefit will be paid out if the insured dies within just one or two years of purchasing the policy.

Policyholders can go for a critical illness rider where the sum insured is paid to the policyholder in case of a critical ailment.

General Liability coverage will pay the insured in case of bodily injury for the cost of care; the loss of services; and restitution for any death that results from the injury.

Life insurance (life assurance) is a certain contract between you (the insurance policy owner) and the insurer, according to which the policy owner is paid a reimbursement in case the insured event occurs (i.e. the policy owner's death).

In case the insured has not paid policy premiums after the grace period, the life insurance policy lapses.