Sentences with phrase «policy reinstatement»

Policy reinstatement refers to the process of renewing or reactivating an insurance policy that has lapsed or been canceled due to non-payment or other reasons. It allows the policyholder to continue the coverage without having to reapply or purchase a new policy. Full definition
If the person insured commits suicide within one year of policy reinstatement when the revival has been done within six months from the date of discontinuance the Death Benefit is paid to the nominee..
Lapsed Policy Reinstatement: If the premium due remains unpaid by the end of the grace period, the policy gets lapsed and no life cover will be provided to you during lapse period.
If the person insured commits suicide within one year of policy reinstatement when the revival has been done after six months from the date of discontinuance, the Fund Value is paid to the nominee
Access Auto Insurance has a flexible policy reinstatement policy, which allows for customers to bounce back after they miss a payment.
How long does it take for no possibility of an ING Term Insurance policy reinstatement once a final lapse notice has been sent?
Lapsed Policy Reinstatement: Lapsed policy can be reinstated within two years since the date of first policy unpaid policy premium subject to acceptance of the same by the insured company.
For suicides within 12 months of policy inception, total premiums paid is returned to the nominee and if suicide is committed within 12 months of policy reinstatement, higher of total premiums paid or the acquired Surrender value is paid to the nominee
Alternatively, it can also begin the first day of a policy reinstatement.
If the person insured commits suicide within one year of the policy reinstatement then the company will refund an amount that is higher of 80 % of the premiums paid or the Surrender Value as on the date of demise.
The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover or policy reinstatement.
In case of the suicide occurring within a year of policy reinstatement, the company will refund the highest of 80 % of the premiums paid or the Surrender Value.
A policy reinstatement comes from the same insurance carrier you were previously insured.
If suicide is committed within 12 months of policy commencement, 80 % of premiums paid are refundable and if committed within 12 months of policy reinstatement, higher of 80 % of premiums paid or acquired Surrender Value is payable
If suicide is committed within 12 months of policy commencement, 80 % of premiums paid are refundable and if suicide is committed within 12 months of policy reinstatement, higher of 80 % of premiums paid or acquired Surrender Value is payable
Your policy can be reinstated with payment of the overdue premium, but after a certain amount of time (usually 15 days after the end of the grace period) there will be limitations to your policy reinstatement, so this is a crucial section to read.
If the insured person commits suicide within a year since the policy reinstatement, then the nominee shall receive the highest amongst 80 % of the paid premiums or the Surrender Value.
In case the person insured commits suicide within one year from the policy reinstatement, the nominee will receive the higher of 80 % of the premiums paid or the Surrender Value.
If the suicide takes place within one year of policy reinstatement, the company will refund the higher of 80 % of the premiums paid or the Surrender Value.
If suicide is committed within 12 months of policy commencement, 80 % of premiums paid are refundable and if the suicide is committed within first 12 months of policy reinstatement, higher of 80 % of premiums paid till date or the acquired surrender value is payable
Lapsed Policy Reinstatement or Revival: You may revive your lapsed policy within 2 years from the due date of the first unpaid premium.
Lapsed Policy Reinstatement or Revival - A lapsed Policy can be revived by you within 2 years from the due date of the first unpaid premium subject to the terms and conditions as specified from time to time.
Lapsed Policy Reinstatement or Revival: A lapsed Policy can be revived within 2 years from the due date of the first unpaid premium.
Lapsed Policy Reinstatement: A lapse policy can be renewed within 2 years from the date of unpaid premium.
Lapsed policy reinstatement: The policyholder can reinstate the lapsed policy within 3 years by paying all the due premiums from the date of first unpaid premium
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