Sentences with phrase «policy by the due date»

Pay your policy by the due date, and your policy automatically continues for the time period shown.

An insurance lapse occurs when one fails to renew the policy by the due date.

Not exact matches

If you fail to pay your premium by the due date, you typically have a short time frame in which to do so before the policy lapses.

Grace period is of 30 days from the original due date as stipulated by regulation and the benefits under the Policy remain unaltered during this period.

Some will charge you a late fee and others may go ahead and cancel your policy immediately if a payment is not made by the due date.

Car insurance policy is an annual contract that needs to be renewed by its due date (and time) as mentioned in the policy document.

Lapsed Policy: If a policyholder fails to pay the premium on or prior to the due date, and doesn't pay the premium after the grace period too, the insurance provider ceases all the benefits provided by the insurance cover and abolishes it for the reason of non-payment.

There's no grace period for the first month's premium - it has to be paid by the due date in order to activate the policy.

If you aren't able to make the premium payment by the due date (or within the grace period) your policy will lapse.

In addition, both the amount of the premium and the date that premiums are due may also be changed by the policy holder.

Pay your premium by the due date, and your policy automatically continues for the time period shown.

Suppose the due date of premium payment is 1 July 2016, then he has to pay it by 16 July 2016 to renew or continue a policy in force without loss of continuity benefits, else his risk cover may lapse.

Term life insurance premiums must always be made by the due date, or the policy will promptly go into grace period status.

You can revive your lapsed or Paid - up policy and the riders for its full coverage within 2 years from the due date of the first unpaid premium but before policy maturity, by paying all outstanding premiums together with the interest, as declared by us from time to time.

The policyholder may revive a policy by the payment of the due premium (s) at any time within a period of 30 days from the date of receipt of the revival notice but before the maturity date of the policy subject to satisfactory medical and financial underwriting.

You know that you have to pay premium by due date in order to avoid the policy from getting lapsed.

The coverage offered by your National insurance mediclaim policy remains in force and you stay tension - free as long as you keep renewing the policy before the due date.

In case the premium (s) are un-paid and the policy is revived during the revival period by paying all due premiums, the Loyalty Additions due - but - not - allotted during the period the Policy was in Discontinuance will be added to the fund as on the date of repolicy is revived during the revival period by paying all due premiums, the Loyalty Additions due - but - not - allotted during the period the Policy was in Discontinuance will be added to the fund as on the date of rePolicy was in Discontinuance will be added to the fund as on the date of revival.

Your policy will enter a grace period, if you fail to pay by the due date - if you pay within this timespan, the policy will continue with all the benefits you had accrued till date.

Lapsed Policy Reinstatement or Revival - A lapsed Policy can be revived by you within 2 years from the due date of the first unpaid premium subject to the terms and conditions as specified from time to time.

However, one should be careful and avoid policy lapse which can occur by missing premium payments as there will be no insurance agent to remind you of your premium payment due date.

Suppose a policyholder does not pay a premium for e-term policy subscribed by him / her on the due date then the policy will still remain in force for the grace period that is 30 days in this case.

Lapsed policy reinstatement: The policyholder can reinstate the lapsed policy within 3 years by paying all the due premiums from the date of first unpaid premium

The beneficiary need not pay any future premiums as 50 % of future premiums will be paid by the company towards the policy and the remaining 50 % will be paid to the beneficiary on the premium due date.

When you pay your premium by the due date, your policy automatically continues for the time period shown, usually 12 months.

In some cases, if the policyholder dies just before the premium due date and the final payment is missed, the grace period will give the survivors a little room to correct the oversight by making the payment so the policy is not be canceled.

Billing for a life insurance policy, unless paid by automatic bank draft, usually comes a few weeks before the due date.

If a claim is subsequently filed against you due to the slip - and - fall incident, the claim should be covered by your Basic ERP if you report it to your insurer within five years of the date your claims - made policy expired.

You should be able to reinstate the policy within a period of 6 months by paying all premiums due from the lapse date to the current time.

Grace period is of 30 days from the original due date as stipulated by regulation and the benefits under the Policy remain unaltered during this period.

You will have the option to reinstate the policy with - in 2 years from the date of first unpaid premium by paying all the due premiums plus interest on delayed premiums at the rate of 9 % p.a compounded monthly along with the revival fee of Rs 250 plus taxes.

In case of Total Permanent Disability suffered by the life insured due to an accident either immediately or within 90 days from the date of Accident, the benefit payable to the nominee will be same as Death Benefit under the plan.The policy will terminate on occurrence of Accidental Total and Permanent Disability (ATPD).

a. No need to remember the premium due dates or worry of issuance of cheques b. Experience complete peace of mind by ensuring that your policy does not lapse c. Enroll for Direct Debit premium payment option in 2 simple steps: i.Download the Direct Debit Mandate or collect it from any of our Branch offices ii.Submit the duly completed Direct Debit form at your nearest AVIVA branch office.

Now, you can check your policy details by clicking on a policy number in the list, You can see details like policy name, table number, policy term, sum assured, next premium due date etc. as shown in the following figure.

I want to serve as one of the crucial members in the human resources department by working as a compensation manager serving the employees by compensating them with their salaries by the due date as per the policies of the firm.