Sentences with phrase «policy is bought»

A life insurance policy is bought by a person to provide financial stability to his family in case of an unforeseen occurrence.

The surrender value depends on many things but it starts a zero when the policy is bought and grows to the face amount as the policy ages.

You have rightly pointed out that once the policy is bought and something happens after that, the company still has to pay the claim.

Typically, if the insurance policy is bought from an authorised agent / dealer of the manufacturer, the cashless facility is assured across the company's network in India, says Vijay Kumar, chief technical officer at Bajaj Allianz General Insurance.

The plan allows lower premium rates if the Sum Assured is more than Rs. 75 lakhs, if the life insured is a female and if the policy is bought online.

Many insurance companies provide the discount if the policy is bought online.

The life insurance company does an «inspection report» whether the policy is bought online or off line.

With the 15 year term life insurance policy as with any life insurance policy the actuaries anticipate how long an insured person will live if the policy is bought at a given age.

Tax exemption for single payment policies is available for only the year the policy is bought.

One of the most important things that needs to be borne in mind when purchasing an insurance policy in order to be considered eligible for tax deduction is to make sure that the policy is bought from a company of repute.

If the policy is bought through an agent then documents can be submitted to the agent also.

We offer complete support as and when needed, even after the policy is bought.

e.g. «equal share for all my children», so that even children born after the policy is bought (but not after you die) can be included.

A term insurance policy is bought for a certain amount of time, known as the «term.»

Once called «Key Man Life Insurance», a key person insurance policy is bought by the business on an important employee and payable to the company.

There's typically a 30 - day waiting period between when a policy is bought and when it goes into effect, and there are two different types of policies available — those that cover structures, and those that cover property inside those buildings (flood insurance doesn't cover the land a building sits on, though).

The gocompare site does not necessarily promote any one insurance product, yet if the policy is bought from the site, then there is a discount through the renewal offer of the main insurer.

But they will only be activated if the policy is bought quickly after the initial trip deposit.

Often times the first term policy is bought in order to have coverage in place for family income protection while kids are young.

The recent story of A Surrey, B.C., couple's vacation gone wrong just goes to show how important it is for Canadians to fully understand the so - called «cheap» insurance policies they're buying.

Our experts are here to help you get the right protection, and to make sure you understand the policy you're buying.

Also, the family will be required to pay any differences in the cost if the funeral prices have risen since the policy was bought.

The ideal scenario and best use of a whole life insurance policy is buying it at a young age, when you are presumably healthy, and keeping it the rest of your life, regardless of your age or health issue.

However, always check the policy carefully as if your policy was bought years ago, or you've had health problems, the savings from buying a cheaper policy may be cancelled out by your increased risk level and / or age.

As most policies are bought alongside a financial product rather than on their own, the key issue is:

Some policies were bought with the prime reason to save taxes.

My Franklin policy was bought out by AIG decades ago.

However, never buy anything unless you are 100 % convinced that it makes sense for you and that the policy you are buying offers the best coverage at the lowest premiums.

These policies are bought for a certain amount of time.

Traditional insurance policies are bought for long - term and therefore they investment in infrastructure bonds,» he said, asserting that the face of insurance sector has to change.

It's important to note if the policy you are buying is a graded benefit.

One alternative to buying a single large policy is buying several smaller, overlapping policies.

Protecting your big - ticket purchase is one of your priorities and it is equally important that you gain more insight into the intricacies of the policy you are buying.

These categories are based on when the policy was bought from the life insurance company.

How much you pay for your life insurance policy will depend on a number of factors including your health, your age, your family's health history, whether you smoke or use any kind of tobacco, and the amount and type of life insurance policy you are buying.

If you're late paying your initial health insurance premium for a health insurance policy you're buying through the exchange, your health insurance coverage won't take effect.

These policies are bought with an expiration date attached to them, and after that date, they are no longer in force.

These policies are bought with an expiration date attached to them, and after that date, you'll no longer have life insurance protection.

When you purchase a term life policy you are buying for a certain length of time.

Our experts are here to help you get the right protection, and to make sure you understand the policy you're buying.

As long as you know where the policy was bought — perhaps you can find this information using our previous tips — you can contact the department of the state comptroller to see if they have the unclaimed money life insurance settlement property.

Some policies were bought with the prime reason to save taxes.

Usually, life insurance policies are bought with a specified motive.

Also, the family will be required to pay any differences in the cost if the funeral prices have risen since the policy was bought.

It is completely based on the time since the policy was bought.

Mostly, the capping is dependent on or is equivalent to the amount of premium you are paying, how much sum insured you have opted for and which health insurance policy you are buying.

The premium paid if all the four members are covered under one family health plan, stands much lower compared to when four separate policies are bought.

Suppose the policy was bought at a time when the child of the insured is around 10 years old.

This could prove to be beneficial while educating yourself about the Term Insurance Policy you are buying.

Be sure to always read the fine print and ask every question you have until you completely and thoroughly understand what the policy you are buying covers.