Sentences with phrase «policy holders during»

They are compelled to offer optional additional coverage to all prospective policy holders during the quote and purchase process.

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.

This will mean that a formal notification by the policy holder during that time or perhaps that they request that the policy itself terminates on the anniversary will mean not facing surrender fees.

In the event of the death of the policy holder during the term of the policy, the beneficiary can claim the proceeds of the death benefit.

Upon the diagnosis of terminal illness / death of the policy holder during the policy term, a lump sum benefit is paid out to the nominee.

Your family becomes eligible to receive bonus along with sum assured in case of death of the policy holder during the policy period of 15 years

In case of death of policy holder during the policy term, this policy provides 10 % of sum assured every year till maturity and on maturity it again provides 110 % of Sum Assured + Bonuses as maturity.

In case of unfortunate death of policy holder during policy term, this plan proivides 10 % of sum assured every year till maturity and again at competion of policy term maturity amount is also payable.

The plan returns all the premiums paid in case there is no claim from the policy holder during the policy term and upon survival

In the event of death of the policy holder during the policy term, the policy holder gets the sum of Sum Assured, vested Simple Reversionary Bonus and Final Additional Bonus, if any.

In case of death of a policy holder during the policy term, future premiums are waived off and guaranteed annual payouts are payable to the nominee

The only exception is in case of demise of the policy holder during the policy term.

It provides an insurance cover to the policy holder during the term of the policy and at the end of the term returns a handsome sum of money back to the policy holder.

ON DEATH: In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110 % of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.

In case of death of policy holder during policy term, 10 % of Sum Assured will be provided to nominee every year till one year prior to maturity, and

Amulya Jeevan II, is a pure term insurance policy of LIC, which provides high life cover in case of unfortunate death of policy holder during policy term.

Not exact matches

Here's Sen. Eric Schneiderman's brief appearance last week on «Countdown With Keith Olbermann» during which he discussed the passage of what's come to be known as «Ian's Law» — a bill that blocks insurance companies from dropping high - claims patients under the auspices of keeping costs lower for the majority of policy holders.

Back in 2005, Tony Blair held a meeting with Tory MEPs in his role as holder of the Council presidency, during which he implored us to support his Government's policy because he couldn't count on his own party's representatives to do so.

Here, the policy holder can count on the amount not to go up, at least during this time frame.

Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.

If the policy holder dies during the life of the contract, the beneficiary will receive the face amount of the policy.

Unfortunately, most insurance bad faith cases occur during a policy holder's time of greatest medical need, resulting in financial hardship, emotional distress, and worsened physical health.

This means that until the waiting period has ended, if the policy holder passes away during this time the benefits will only be whatever premiums have been collected or a fraction of the benefit coverage.

However, benefits can be also be unlocked from a life insurance policy during the policy holder's lifetime because — like any asset that is personal property — life insurance can be sold.

Insurance watchdog IRDA washed its hands of the controversy surrounding the PSU insurers withdrawing the cashless hospitalisation facility, even as industry bodies stepped up efforts to find an amicable solution to the row while medical insurance policy - holders are left writhing in pain during emergencies.

Life insurance is an agreement between the policyholder and the insurance company to provide a predetermined amount to the policyholder's dependants in case of the holder's demise during the term of the policy.

The maximum period of time for which the monthly benefits will be payable during the policy holder's involuntary unemployment will also vary.

Waiver of Collision Deductible - Pays the insured's collision deductible during a hit and run or when the at - fault party is uninsured when the policy holder is able to identify the at - fault party.

This could mean that during periods of rising interest rates, universal life insurance policy holders may see their cash values increase at a rapid rate compared to those in whole life insurance policies.

Surrender Option & Surrender Value: Policy holders can surrender the policy at any time during the term of the pPolicy holders can surrender the policy at any time during the term of the ppolicy at any time during the term of the policypolicy.

This means that policy holders will only get financial compensation for losses that are incurred during the period of time that is specified in their policies.

While it is understood that you as a policy holder will be seeking the lowest premiums possible, it is essential to take into account that you will be liable for all the costs incurred during a waiting period — so if you do not have sufficient financial provision to do so, you would be effectively uninsured.

Should a policy holder pass away during the «term,» or time frame, of the policy being in - force, a beneficiary (or beneficiaries) will receive the death benefit proceeds.

During the period that is selected, the policy holder's payment will remain level.

It is improper to deprive long term policy holders the value of the contract which they entered into with good faith fully expecting to be covered during the policy and to the maturity of the policy.

Life insurance living benefits — also referred to as a policy's accelerated death benefits — can allow the policy holder to use some (or in some cases, even all) of the death benefit proceeds during his or her lifetime.

ULIP policy holders can make use of features such as top - up facilities, switching between various funds during the tenure of the policy, reduce or increase the level of protection, options to surrender, additional riders to enhance coverage and returns as well as tax benefits.

When the policy is discontinued during policy years of one to four, the holders of the policy would be charged in this range.

A Term Life policy pays a benefit to the beneficiaries only if the policy holder dies during the time period for which the policy was initially contracted and has remained current on their annual or monthly premium payments.

In addition to providing insurance coverage where it is needed, Farmers is also known for its corporate giving programs, as well as its education of policy holders and consumers, and its assistance during major disasters.

A person or company protected under your insurance policy if they are named during the judicial process due to an accident that was judged the policy holder's fault.

While their loved ones will only be paid the policy's death benefit if they die during the term they selected, the policy holder will always have the opportunity to extend their coverage buy renewing.

Money back policies are quite similar to endowment insurance plans where the survival benefits are payable only at the end of the term period, plus the added benefit of money back policies is that they provide for periodic payments of partial survival benefits during the term of the policy so long as the policy holder is alive.

The period of time beginning when a life insurance policy is delivered to the policy owner, and ending after the prescribed amount of time defined by law and / or company guidelines, during which the policy holder has the right to return a life insurance policy for a full refund of all monies submitted for payment to the insurance company.

If the policy holder dies during the policy term, the nominee of the policy holder gets Sum Assured.

Most policies include a deductible or waiting period before the coverage begins, especially if the policy holder has any pre-existing conditions noted during the underwriting process.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy.

Endowment Plan Basic features: Sum assured paid to family if policy holder dies during the policy term, or if policy holder survives the entire policy term.

These can provide policy holders with a way to access a percentage of the policy's death benefits during life in order to pay for expenses such as a medical or long - term care need.

Death benefit is paid to the nominee if the policy holder dies during the policy term.