Sentences with phrase «payable under the policy»

(4) Subsection (3) does not apply when the work - related injury arose from the operation of a vehicle, provided however that the maximum liability for any employer or worker referred to in subsection (3) is the amount payable under the policy of liability insurance in respect of bodily injury or death.

On May 15, 2008, Sun Life wrote to the plaintiff, advising that the elimination period would expire on September 11, 2008 and that LTD benefits would be payable under the policy starting on September 12, 2008.

With this information, your claim is payable under the policy provisions.

A Smart Benefit option where all future premiums payable under the policy are waived off and allocated by the company to ensure that savings for desired goal continue uninterrupted

The amount of additional premium paid over and above the Regular / Limited Premium payable under this Policy

Details about Premium: The premium payable under this policy shall be paid in advance.

The premium payable under this policy shall be paid in full and in advance.

The deduction we will make from the amount otherwise payable under this policy for each insured person, for each section, for each claim incident.

Benefits are not payable under the policy for any covered stage of cancer or if the life insured dies within 6 months of the policy coverage commencement.

the Emergency Medical Evacuation Benefit is payable under the Policy; and 2.

These benefits will not duplicate any benefits payable under the Policy or any coverage (s) attached to the Policy.

The death benefits which are payable under your policy can not be taxed!

When there is «gap,» or difference, between the cash value of the policy and the death benefit payable under the policy, this difference is the «net amount at risk» since it represents an amount of money that the insurer needs to pay with money that the policy has not yet earned.

Always make sure that you're aware of the maximum coverage limits payable under your policy contract.

In case of «Whole Life Plan'the policy holder is obliged to pay a fixed amount of premium on a regular basis till the term of the policy, failing which will cease the death benefit payable under the policy.

Funding of Premium (FOP)- Under this Benefit, Max Life will fund all outstanding premiums payable under the Policy, and the Fund Value will be paid on maturity

No further premiums are payable under the policy after the death of the Life Assured.

Comprehensive life insurance coverage — Get coverage of 10 times the annualised premium (for Limited and Regular Pay options) of base policy and get additional life cover, equal to sum of all future premiums payable under the policy till the age of 60 years, with Partner Care Rider.

All Benefits payable under this Policy are subject to tax laws and other fiscal enactments in effect from time to time.

* The Maturity benefit shall not be less than 101 % of the contractual base premium payable under the policy excluding service tax, rider premiums and premiums paid for extra mortality loading.

These benefits will not duplicate any other benefits payable under the Policy or any coverage (s) attached to the Policy.

These plans are like regular health insurance plans with the added benefit of deductibles, wherein the deductible limit functions like a threshold, and claims to the extent of the deductible limit are not payable under the policies.

Bajaj Allianz ULIP Waiver of Premium Benefit Rider provides the benefit of waiver of all future premiums payable under the policy on the earlier occurrence of untimely death, accidental permanent total disability or critical illness.

Comprehensive Life Insurance Coverage — The customer may get coverage of 10 times the annualized premium (for Limited and Regular Pay options) of base policy and get additional life cover, equal to sum of all future premiums payable under the policy till the age of 60 years, with Partner Care Rider.

Future premiums payable under the policy for death benefit will be reduced proportionately.

Loan interest will be recovered from pension amount payable under the policy.

The variable life insurance policy can offer a guaranteed death benefit payable under the policy.

You will also want to find out how much you will pay in premiums and how the Internal Revenue Service treats your premiums and the benefits payable under the policy.

The plan offers guaranteed 115 % of the sum assured as maturity / death benefit which is payable under the policy benefits.

An agreement between a life insurance company and a policy owner / beneficiary in which the insurer retains part of the cash sum payable under a policy and makes payments in accordance to the chosen settlement option.

In the event the bonus is in excess of the premium payable under the policy, the excess will be paid out in cash.

The benefits payable under the policy in different contingencies during this period shall be as under:

Non-Guaranteed Annual Simple Reversionary Bonus and Non-Guaranteed Terminal Bonus is payable under the policy.

Any alteration in Sum Assured does not result to change in the premium amount payable under the policy.

Once declared, this bonus gets accrued to the policy and become guaranteed benefit to be payable under the policy.

After the payment of the discontinuance benefit, the policy shall terminate and no further benefits shall be payable under the policy.

Subject to Section 3.3, if the Premium (along with the service tax or any other taxes, cesses or levies, if any) is not received by Us by the end of the grace period as specified in Section 9.10 above, this Policy shall lapse and no benefits under Section 3 shall be payable under this Policy and no rights can be exercised by You till the revival of the Policy.

Not exact matches

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your policy.

If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.

The insurer denied coverage to Mr. Hoang, and the plaintiffs were forced to bring an action for coverage, under section 258 (1) of the Insurance Act directly against the defendant insurer to have the insurance money payable under Mr. Hoang's motor vehicle policy applied toward satisfaction of the judgment.

The Supreme Court considered whether the English Court, as an enforcing court of a Nigerian arbitral award, was entitled to require a party resisting enforcement to provide security for the money payable under the award as a condition of being entitled to advance a good arguable defence that enforcement should be refused on grounds of English public policy, e.g. because the award was procured by fraud.

Any average person applying for this additional insurance coverage would understand a «policy of insurance» to mean an optional, private insurance contract and not a mandatory statutory scheme such as the CPP; so future CPP disability benefits do not reduce the amount payable by the insurer under the endorsement.

In addition, prior to September 1, 2010 approved assessments by medical professionals were payable under a separate part of the policy and did not reduce the $ 100,000 in medical and rehabilitation benefits.

Terminal illness benefit is a one - time acceleration of up to 50 percent of the death benefit proceeds payable under the base policy, not to exceed $ 250,000.

These AD&D amounts are payable in addition to any amounts collected under the No - Fault, liability, or other parts of the policy.

Guaranteed Future Income Benefit The minimum guaranteed income payable to you under the Guaranteed Future Income Benefit rider of your Income Plus or Income Plus II policy.

This rider enables your spouse, if he or she is the sole primary beneficiary, to continue your policy upon your death as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary Benefit Rider.