Sentences with phrase «policy commencement»

For single premium policies, surrender value can be acquired immediately after policy commencement date.

Every plan has a different look - back period, but it is usually around 2 - 3 months prior to the date of policy commencement.

It will also pay you a «fund booster» or a top - up on the value of your annual premium after 10, 15 and 20 years from policy commencement.

These riders can be attached to a base plan on policy commencement or at any time during the term of the base plan.

Insurance coverage is available for all kinds of pre-existing diseases after 12 months of policy commencement.

On survival of the life assured till maturity, 200 % of the annual premium will be paid at the end of each year from 16th to 30th year from policy commencement.

Your premium, net of premium allocation charge, will be allocated by the Company to Balanced Equity Fund and Builder Bond Fund, based on the proportion and the outstanding years to maturity (as at policy commencement date) as per the table below:

Dear Ramesh, If policy commencement year is 2011 and PPT is 16 years then how come only 3 more premiums left?

Second draw - back in this HDFC Life Health Assure Plan is that Pre-existing diseases are covered only after 3 years of policy commencement date.

Pre-existing disease coverage and health conditions at proposal stage would be covered after 48 months from policy commencement date.

Under this policy, you will be required to wait for a period of 180 days from policy commencement date or reinstatement date, whichever is later before you apply for a claim.

Policy Commencement date — Sep 2010 Premium yearly — 50,000 / -(25k for me + 25k for spouse) Sum Assured — 10,00,000 / -(5L from my policy + 5L from my spouse policy)

Kindly provide details of SBI unit plus plan (Policy commencement date, policy term etc).

Dear Pawan, What is the policy commencement date?

The risk cover will begin one day before the completion of 2 years of the policy commencement or one day before the policy anniversary which coincides with or follows the completion of 8 years of age.

If suicide is committed within 12 months of policy commencement or revival, higher of total premiums paid or acquired Surrender Value is refunded

However, if the insured dies within the waiting period (180 days), the premium paid from the point of policy commencement, fewer taxes will be reimbursed to the claimant.

In case such a claim is placed with the insurer, the company will refund the entire premium amount received till date, starting from the point of policy commencement, along with all late fees and interests paid in that context.

The guaranteed death benefit is not payable in case the life insured (whether sane or insane) commits suicide within 12 months from the date of policy commencement.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as Death Benefits.

However, if the policyholder dies after the end of 5/10/15 or 20 years from the policy commencement date, no death benefit shall be payable

The Policy Administration Charges given above are deducted from the unit account on monthly basis at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of units.

Details - Policy commencement year - 2014, 21 years, Annual premium - 54056.

If the life insured commits suicide within 12 months from the Policy commencement date or the date of revival of the policy, the company would pay an amount equal to 80 % of the premiums paid (excluding any underwriting extra) as death benefit.

Dear Santanu I have a Jeevan Aanand Policy with following: Sum Assured = 10,00,000 / - Acceidental Benefit = 5,00,000 / - Premium = 7962 / -(quaterly) Date of Policy commencement (i.e, first premium) = 02/02/2013 Total premiums paid = 14 (each quarter) Date of Maturity = Nov 2042

If policy is surrendered before the completion of lock - in period of 5 policy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund and no subsequent charges other than Fund Management Charges for discontinued policy fund will be deducted.

If the policy is surrendered before the completion of the lock - in period of 5 policy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund of the company.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as the Death Benefits.

Suicide Exclusions: If the Life Assured commits suicide within 12 months from the policy commencement date or revival date, whether sane or insane at that time, the Company will limit the Death Benefit to the Fund Value and no insurance benefit will be payable.

The Mortality Charges are determined using 1 / 12th of the Annual Mortality Charge and are deducted from the unit account monthly at the beginning of each monthly anniversary (including the policy commencement date) of a policy by cancellation of units.

An early death is where you die within three years from the policy commencement date.

Suicide Exclusion: If the life assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums paid will be payable as death benefit.

If policy is surrendered before the completion of lock - in period of 5 policy years from the Policy Commencement Date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in Discontinued Policy Fund and no subsequent charges other than Fund Management Charges for Discontinued Policy Fund will be deducted.

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80 % of the premiums will be payable as Death Benefit.

The proceeds of the discontinued policy will be paid only after the completion of 5 policy years from the Policy Commencement Date.

If the policyholder dies within the annuity period of 5/10/15 or 20 years from the policy commencement date, annuity is payable till the end of 5/10/15 or 20 years to the nominee.

For instance, some policies have a waiting period clause stating that if there are any pre-existing diseases, then before filing the claim, the policyholder will have to wait a minimum of 12 months from the time of policy commencement.

If suicide is committed within 12 months of policy commencement, 80 % of premiums paid are refundable and if committed within 12 months of policy reinstatement, higher of 80 % of premiums paid or acquired Surrender Value is payable

This becomes a saving grace while claiming for damages, because there are official records substantiating your vehicle's actual condition at the time of policy commencement / renewal.

If suicide is committed within 12 months of policy commencement, only 80 % of the premium paid is returned to the nominee

The Death Benefit or Annuity Benefit is paid to the nominee if the annuitant commits suicide within one year of the policy commencement date.

If suicide is committed within 12 months of policy commencement, 80 % of premiums paid are refundable and if suicide is committed within 12 months of policy reinstatement, higher of 80 % of premiums paid or acquired Surrender Value is payable

In case of suicide committed within 12 months of policy commencement, 80 % of premiums paid is refundable and if committed within 12 months of policy revival, higher of 80 % of premiums paid or the acquired Surrender Value is payable