Sentences with phrase «policy revival»

In the case of the suicide occurs within 12 months of policy revival 80 % of the premium paid or acquired surrender value, whichever is higher, is paid.

However, if you commit suicide within a year of policy revival, the insurer can deny the claim.

LIC offers two options to policyholders who can not pay the whole amount for policy revival.

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under the LIC term plan.

Failure to communicate the rejection on policy revival application within 15 days would mean approval

This money back insurance policy — LIC Bima Bachat, also offers other benefits like a 15 day cooling off period, grace period in case of late payment of premium and policy revival if premium had not been paid for some time.

Some of the best features of this policy are: — ● Available to purchase on the official website of LIC ● Better premium rates for non-smokers ● 2 years of policy revival period in case of missed premium payments ● 30 days of grace period premium payment ● Both parents and children can be added as dependents

Other responsibilities of a Revival Clerk include making sure the customer's policy revival criteria are in compliance with the processing claims and reviewing or evaluating the data related to the revival of cases.

In case of suicide committed within 12 months of policy inception only the total premiums paid is returned to the nominee and in case of 12 months of policy revival, the acquired Surrender Value is paid to the nominee

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under this LIC term plan.

In case of suicide committed within 12 months of policy inception or policy revival only 80 % of premiums paid are returned to the nominee and no Death Benefit will be paid under this HDFC life term plan.

Life Insurance Corporation of India has yet again launched its policy revival campaign — this time with a wider ambit

12 months from the date of policy revival, when the revival is done within 6 months from the date of first unpaid premium, suicide exclusion will not apply.

In case of suicide committed within 12 months of policy revival, higher of 80 % of the premiums paid or the acquired Surrender Value is paid out.

Similarly, if you die within two years of policy revival, the insurer can conduct an enquiry before paying death benefits to your nominees.

In case of suicide committed within 12 months of policy commencement, 80 % of premiums paid is refundable and if committed within 12 months of policy revival, higher of 80 % of premiums paid or the acquired Surrender Value is payable

If committed within the first 12 months of policy revival, higher of 80 % of premiums paid or the acquired Surrender Value is offered to the nominee.

An acquired Surrender Value or a higher of 80 % of premiums paid is provided to the nominee in case the insurance holder suicides within 12 months of policy revival.

Suicide: In case of suicide committed within 12 months of policy commencement, 80 % of premiums paid is refundable and if the suicide is committed within 12 months of policy revival, higher of 80 % of premiums paid or the acquired surrender value is payable

In the case of suicide within a year of policy revival, the company would be paying 80 % of the premiums paid excluding taxes, extra premium and rider premiums or acquired Surrender Value, whichever is higher.

The individual has to bear the expenses related to the medical reports if needed for the policy revival.

For the policy revival, you need to pay all due and unpaid premiums, as per underwriting policy.

If suicide is committed within a year of policy revival, higher of 80 % of the premiums paid till death or the Surrender Value acquired would be paid provided the policy is in force