Sentences with phrase «policy issue date»

Critical illness or its signs or symptoms occurred within 90 days of policy issue date.

Free Look Period: A free look period of 15 days is offered from the date of policy issue date.

A graded benefit policy does not pay out the full death benefit until two years after policy issue date.

80 % of the paid premiums are returned to the beneficiary, if the insured commits suicide within 12 months of policy issuing date.

The policy issue date is the day when the insurance company completes its underwriting process and approves the policy for coverage.

What happens if the proposed insured dies before the policy issue date?

Earlier this article defined the policy issue date.

The two most important start dates to define are: policy issue date and coverage effective date

Monthly interest will begin 30 days after policy issue, or if requested, after the policy issue date the payments will be made monthly beginning one month after the monthly interest option effective date.

The interest on this annuity will begin 30 days after the policy issue — or if requested, after the policy issue date the payments will be made monthly starting one month after the monthly interest option effective date.

This clause states that coverage will be denied if the policy holder commits suicide within a given time period from the policy issue date.

If you have a $ 150,000 mortgage, this mortgage protection plan would guarantee $ 150,000 immediately upon your policy issue date.

Contestable Clause All insurance companies have a period of two years from the policy issue date during which statements made on the application can be challenged for misstatement should death occur within that period.

Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.

In most cases you can then improve your coverage by eliminating or reducing the accident only limitation without a premium change by completing the medical underwriting at your convenience within 6 months of the policy issue date.

On that schedule, you would have to survive for two years from the policy issue date before your family sees 100 % of the benefit.

All insurance companies have a period of two years from the policy issue date during which statements made on the application can be challenged for misstatement should death occur within that period.

The policy premiums are determined at the policy issue date and remain constant for the life of the policy.

Your policy does not have a non-cancelable feature and the company elects to raise rates (they can't single you out; they would raise rates across a class or policy issue date).

If the life assured commits suicide within one year from the policy issue date or reinstatement date, the nominee will be entitled to 80 % of the premiums paid, provided the policy is in force.

Free Look Period: A free look period is an option, provided to the policyholder, under which he / she can cancel the policy within 15 days of the policy issue date, if he / she does not like the terms and conditions of the policy.

A dependent child can be covered after 91st days from the policy issue date, only if either of the parents is covered under this policy.

The policy covers hospitalization charges for the insured and also offers optional cover of critical illness occurring 90 days after the policy issue date.

A 15 days» free look period, from the policy issue date, is provided to the insured under which he / she can cancel the policy if he / she is dissatisfied with the terms and conditions of the policy.

In the first 90 days of the policy issued date, immediate cash is given for the accident related hospitalization.

Free look Period - If the insured is dissatisfied with the coverage and terms and the conditions of the policy, then they have the option to cancel the policy within 30 days of the policy issue date, provided there has been no claim.

Did the claim occur within the first two years of the policy issue date?

In some states like in Colorado, you can claim the full death benefit after one year from the policy issue date.

It is stated in the provision that if the insured person is covered with life insurance and dies because of suicide within two years from the policy issue date, then beneficiaries can not collect any death benefit.