Sentences with phrase «policy holder pays»

There is no divisible premium, so the policy holder pays a single premium to cover all risks named under the policy.

Deductible is an amount that the policy holder pays out of pocket at the time of insurance claims.

Thus, the investor / policy holder pays much lower mortality charges in a type - I ULIP.

The older the policy holder, the more that policy holder pays to remain covered.

Deductible is the sum that the policy holder pays at the time of claiming the insurance money.

A pure term plan is where the policy holder pays a specified premium and gets his family financially secured in case any unfortunate event like death occurs to him.

In case of a reimbursement claim, the policy holder pays the expenses himself with the hospital and then claims for a reimbursement of those expenses from the Insurance Company by providing necessary documentation.

If a policy holder pays all the premiums within their due time, the policy will be eligible to receive a percentage of the profits of the life insurance Corporation.

It can also provide flexibility concerning when the policy holder pays the premium (within certain guidelines).

The annuity in which a policy holder pays a premium to the annuity providing insurance company that issues a contract promising to pay interest or gains made on the deposit while deferring the income and the taxes until you actually withdraw the money or begin receiving an income.

For example, if the policy holder pays premiums via check, then the proceeds will be sent to them by check.

They usually receive most of the premium that the policy holder pays in the first year, or even all of it at times.

Mediclaim Policy is a type of contract between the insurer and the policy holder wherein the policy holder pays a fixed sum to the insurer and he, in return, promises to bear the money spent by the policy holder during hospitalization.

The policy holder pays a small amount of money monthly for coverage, and the agency provides reimbursement for claims filed.

In many ways, indexed universal life insurance works in a similar fashion as most other types of coverage in that the policy holder pays their premium, and the net premium is then applied to the actual life insurance death benefit.

The policy holder pays premiums to the insurance company in exchange for the financial protection that life insurance provides.

In exchange, the policy holder pays premium either on lump sum basis or regularly.

Policy holders pay less premium rates.

Instead of increasing the amount of your premiums as you get older, most policy holders pay the same amount every month.

Premiums: This is the amount required by the insurance company that the policy holder pay which is equivalent to the cost of the insurance charges as well as other expenses related with the policy.

It contains an investment component that increases the cash value of the policy, but it will also require that the policy holder pay hefty commissions to their agents.

In its most basic sense, life insurance consists of a policy holder paying a premium to an insurance company and in return, the insurance company paying out a death benefit to the beneficiaries of the insured if and when the insured passes away — provided that the policy is in force at the time of the individual's death.

With this option, the death benefit will be equal to a specified amount, plus the amount that the policy holder paid into the policy.

In traditional plans, on the other hand, policy holders pay the full premium no matter how less vehicle usage is.

The basic principle behind the working of auto collision insurance remains the same as all other insurance programs with the policy holder paying a premium amount to the company and getting benefits against it at the time of need.

Insurance21 Replied: 01-12-2017 10:26:35 NO, It does not provide life insurance, in case of death of policy holder paid amount excluding GST is return in option 6 and 10 only.

Not exact matches

When it is time for either college or retirement, the policy holder can borrow money from the cash value and pay it back with the death benefit when they die.

Insurance companies can only turn a profit by having lots of people paying in who hardly ever go to the doctor or by turning down claims, which makes it worthless to the policy holder.

However, I think it is wrong to require insurance companies, ultimately the policy holders, to pay for items that are not being used to treat a medical condition.

Their policy holders were not left out in the cold altogether — most states have guaranty funds for exactly this purpose, making sure that claims are paid.

Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need — paying off debts, covering funeral expenses, or supplementing their own income.

Life insurance pays money to beneficiaries after the death of a policy holder.

Insurance for money the policy holder is legally obligated to pay because of bodily injury or property damage caused to another person and covered in the policy.

AXIS Bank Branches PDF (1.1 MB) You will receive the paying slip at the AXIS Bank branch Kindly enter «Bharti AXA Life Insurance Co Ltd, < 50x - xxxxxxxx >, < Policy Holder Name >»

The policy holder needs to pay premium regularly or on lump sum basis.

YES Bank Branches (152 KB) You will receive the paying slip at the YES Bank branch Kindly enter «BHARTIAXA, < 50x - xxxxxxxx >, < Policy Holder Name >»

If you're not familiar a term life insurance policy is a contract that pays a specific amount of money upon the policy - holder's death.

There is simply too much political risk in that sub-sector, and a weaker economy may lead some policy holders to stop paying their premiums.

One way this manifests is mutual companies typically pay higher dividends to policy holders as a return of premium.

EVEN in circumstances where «accelerated benefits» are paid to the policy holder, perhaps because they are terminally ill, this code section applies so that taxable income is not recognized.

Although mutual companies are owned by the policy holders, stock companies who offer whole life products allow for participation and pay dividends to whole life policy holders in the same way.

However, rather than having premiums that are paid for the rest of the policy holder's life, the policyholder instead chooses to pay for only a set period of time such as for 10 years, 15 years, or until he or she reaches age 65.

Deductible is the amount you, as a policy holder, must pay towards repairs that need to be carried out based on the coverage your insurance provides before the insurance company pays its portion.

Like Max's plan, Kotak's plan also has the option called «Recurring payout» wherein part of the claim is paid on policy holder's death and a fixed monthly / yearly amount is paid for next 15 years to the nominee.

Northwestern Mutual's dividend interest rate was 5 % in 2016 and the company will pay participating policy holders a total of $ 5.2 billion in dividends in 2017.

Permanent life insurance policy changes: Dividends are paid to holders of participating whole life insurance policies.

Number of days, months, or dollars paid by the policy holder before the company will begin paying benefits after they qualify for care.

Premium has to be paid by the policy holder, year on year, till the full tenure of the plan.

Understand that as long as it is economically feasible for the policy holder to pay the base premium, it is highly advisable to continue to do so in order to foster ongoing growth in the cash value.

Life insurance companies are harmed by low rates because they need high income from their investments to pay future obligations to policy holders and those receiving annuities.