Sentences with phrase «policy inception if»

Surrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in force.»

Not exact matches

Like we previously discussed, if the policy didn't exist prior to the loss then it can't cover an incident that happened before the inception of the policy.

However, if your pet had cruciate problems on the same leg or the opposite leg 18 months prior to policy inception or during the waiting period after inception, then they are considered pre-existing and not eligible for coverage.

This can happen if the expected interest paid on the accumulated value of the policy is less than originally assumed at the time of purchase, or if other charges (i.e. mortality charges) increase beyond what is assumed when the premium is calculated at inception.

Insurers can pay death benefit in installments over a definite period of time and at a defined rate of interest, as approved under the «file and use» procedure on the declining balance if such an option is provided at the inception of the policy.

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

The interest is paid only if the policy has completed its 2 years from the date of policy inception to the date of death of the insured.

If any expenses has been incurred before the policy inception or otherwise outside the period of insurance plan.

This Bharti AXA Term plan provides a unique feature of Family Care Benefit which states that if the policy is in force and at least 2 consecutive premiums have been paid post inception or reinstatement, the benefit will be applicable.

If suicide is committed with 12 months of policy inception or revival, the Fund Value as on that date is payable

If the insured takes his own life within 12 months of the policy inception date, the beneficiary of the policy receives the 80 % of the premium paid.

If the insured commits suicide within 12 months of policy inception, the company only pays 80 % of the premium paid to the nominee

If the policyholder commits suicide within 12 months of policy inception, then only 80 % of the premium paid is repaid to the beneficiary.

In any case, if the insured is not happy with any of the features of term and conditions of the policy, he is free to submit his plan documents for cancellation within 30 days since inception.

If you get renters insurance the same day, it's intended to cover things that occur after the inception of the policy.

Unfortunately for Harper, if the policy didn't exist prior to the loss then it can't cover an incident that happened before the inception of the policy.

If returned, the policy will be considered to be void from inception.

If no claim has been made during the first policy year, the Original Sum Insured opted for at the inception of the policy shall increase by 10 % p.a. starting from the first policy anniversary

Suicide: If the life assured commits suicide within one year from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

Having said that, if the life assured commits suicide within the first 12 months from the date of inception of the policy or the date of revival of the policy, then there is no payout.

If the life assured commits suicide within 12 months from the date of inception of the policy, 80 % of the Premium paid will be payable to the nominee or beneficiary / legal heirs, provided the policy is in - force.

If the Life Assured dies in the 5th year from the inception of the policy, the effective sum assured is Rs. 1.25 crore @ 5 % p.a.

However, the policy term of the rider, if attached at inception, will be equal to the policy term of the base policy, otherwise it will be equal to the remaining policy term of the base policy.

Suicide Exclusion: If the Life Assured commits suicide within 12 months from the date of inception of the policy, the nominee or beneficiary shall be entitled to higher of 80 % of the premium paid or Surrender Value.

In case of any unfortunate event, if the husband dies in the 5th year from the inception date of the policy issuance during the policy period, the surviving partner will receive the sum assured of Rs. 1 crore as a lumpsum.

If the life assured commits suicide within twelve months from the policy inception date then automatically the contract comes to an end.

Suicide Exclusion: If the life assured commits suicide, whether sane or insane, within 12 months from the date of inception or revival of the policy, 80 % of the premiums received (excluding extra mortality premium) will be payable.

If death occurs due to suicide within 12 months of the inception or revival of the policy then only 80 % of the premium amount is payable back to the nominee

If suicide is committed within 12 months of policy inception or revival o nly the fund value as on that date is payable

If the policyholder commits suicide within one year of policy inception, 80 % of the premium paid is refunded

In case of suicide committed within 12 months of policy inception only 80 % of premiums paid are returned to the nominee if the Life Assured was aged more than 8 years.

Also if you surrender the policy during the initial years, say 2 or 3 years from its inception, the surrender value would be approximately 30 % of the premiums paid to date.

If the policyholder commits suicide within first 12 months of the policy inception or the policy renewal, then 80 % of the total premiums paid till date are refundable to the entitled beneficiaries of the insurance plan.

Free Look Period: If the insured is not satisfied with his insurance plan, then he is free to cancel it within 15 days of policy inception, given that no claims have been made so far.

An exception is made if the person insured had a similar Wellsurance policy for at least 4 years since inception.

In case of suicide committed within 12 months of policy inception or revival higher of the premiums paid or the Surrender Value is refunded if the policy acquires a Surrender Value or total premiums paid is refunded where the policy has not acquired Surrender Value

The reduced premium will be based on the age, lifestyle category (if applicable), policy term, premium payment frequency and sum assured of the surviving life assured as at the inception of the policy

Free Look Period: If the insured is not happy with his plan, then he has the option cancel it within 15 days of policy inception, given there have been no claims.

In case of suicide committed after 12 months of policy inception or revival, the death benefit payable to the nominee will be higher or Surrender Value, if applicable or 80 % of total premiums paid.

If the insured commits suicide within 12 months of policy inception or revival, the company only refunds the premiums paid

As per the policy, if suicide is committed within the first 12 months of the policy inception, 80 % of all the premiums paid are returned.

If you are not married at the inception of the policy, you can include your spouse at a later date, after marriage.

If the policyholder commits suicide within first 12 months of the policy inception or renewal, then the Policy Account Value shall be paid to the nopolicy inception or renewal, then the Policy Account Value shall be paid to the noPolicy Account Value shall be paid to the nominee.

In case of suicide committed within 12 months of policy inception only 80 % of premiums paid are returned to the nominee but if suicide is committed within 12 months of revival, higher of 80 % of premiums paid or the surrender value is payable.

If the insured commits suicide within 12 months of policy inception, the company only refunds the premiums paid

Free look period: If the policyholder feels he / she is not satisfied with the insurance coverage or the policy terms and conditions, then he is free to cancel his plan within the free look period 15 days, since the policy inception, given that no claims have been made yet.

If the policyholder, whether sane or insane commits suicide during the first year from the date of the inception of the policy, then the nominee is not entitled to receive any sum assured.

If the entry age of assured is less than 8 years of, then the risk under this plan will begin either one day before the completion of 2 years from the date of inception or one day before the policy anniversary, immediately following the completion of 8 years of age.

Suicide Exclusion: If the life assured, whether sane or insane, dies due to suicide within 12 months from the date of inception of the policy (effective date of risk commencement) or the date of revival of policy, the policy shall terminate immediately.

Limitation in life insurance policies to the effect that no Death Benefits will be paid if the life insured commits suicide during one year since inception or revival of the policy.