Sentences with phrase «payment under the policy»
We allow you to make change in the mode of premium payment under the policy which shall be applicable from the next policy anniversary.
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The portion of a covered loss you pay before the insurance company becomes responsible for payment under the policy.
Some Banks require 35 % and in some cases 50 % as a down payment under their policies.
That is, injured parties need not prove you are liable for their injuries to receive payment under your policy.
The portion of a covered loss you pay before the insurance company becomes responsible for payment under the policy.
This rider can provide a monthly benefit in addition to any other disability benefit payments under the policy if you are catastrophically disabled.
This rider can provide a monthly benefit in addition to any other disability benefit payments under the policy if you are catastrophically disabled.
A moral hazard is something that may incentivize a policyholder to intentionally suffer a loss in order to collect payment under the policy.
The New York Life Premier Variable Annuity — FP Series Premium Based M&E Fee differs from many other variable annuity polices in that the Mortality and Expense Risk and Administrative Costs Charge is calculated as a percentage of the Adjusted Premium Payments under the policy (excluding premiums allocated to the Fixed Account), rather than as a percentage of Separate Account assets.
This policy also provides for specific enforcement mechanisms to implement the Company's right to recoup payments under the policy.
Flexibility to make changes We allow you to make change in the mode of premium payment under the policy which shall be applicable from the next policy anniversary.
If an insured lied as to the condition of his health at the time the policy was taken out, that lie could not be used to contest payment under the policy if death occurred after the time limit stated in the incontestable clause.
A moral hazard is something that may incentivize a policyholder to intentionally suffer a loss in order to collect payment under the policy.
The New York Life Elite Variable Annuity differs from many other variable annuity policies in that the Mortality and Expense Risk and Administrative Costs Charge is calculated as a percentage of the Adjusted Premium Payments under the policy (excluding premiums allocated to the Fixed Account), rather than as a percentage of Separate Account assets.
Future Premiums payments under the Policy will close down.
This rider can provide a monthly benefit in addition to any other disability benefit payments under the policy if you are catastrophically disabled.
The expenses eligible for payment under the policy is subject to deductible, co-insurance and limitations as outlined by the policy.
In the event of any payment under the policy, we will be subrogated to the extent of such payment to all the insured person's rights of recovery.
Policy Termination or Surrender Benefit: The Discontinuation or termination of the policy is possible if the policyholder provides a written request to PNB Metlife, seeking to discontinue the policy or premium payment under the policy.