Sentences with phrase «policyholder at the inception»

Underwriters need to consider carefully the information provided by policyholders at inception and be more pro-active in seeking out further information which may be material to the underwriting of the risk.

Death benefit option shall be chosen by policyholder at inception and it can not be changed during the Policy Term.

Policyholder at the inception of the policy, can opt any one of the three death benefit options available under this plan.

Not exact matches

Survival Benefit — Here, the regular monthly income that is chosen at the time of inception of the policy for 15 yrs after the end of the premium payment term is paid to the policyholder.

b) With Extended Life Cover: The policyholder also has the option to choose for Extended Life Cover benefit at inception of the policy by paying additional premium throughout the premium paying term.

The Policyholder can opt for this Rider either at inception along with Base Policy or at any Policy Anniversary under the Base Policy during its tenure.

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

This convertible term insurance will allow the policyholder to convert the lower - cost term insurance into permanent insurance without additional proof of insurability and possibly while locking in the rate class of the insured at the inception of the policy.

While most of the policyholders choose them at the time of inception of the policy, some insurers offer you an option to buy riders later also to expand your insurance coverage.

The policyholder and his family receive annual income after the premium payment period for the length of the policy term that had been chosen at the inception of the policy.

The option can be chosen at plan inception and can be cancelled anytime as per the policyholder's discretion.

The policyholder can claim for a maximum of two contingent events and the total payout will be limited to 100 % of the Lump - sum Rider Sum Assured chosen at inception.

The mediclaim policyholder shall have the option to choose one of the above plan options at the time of policy inception, only.

The premium rates will vary basis the Sum Assured option chosen by the Policyholder (Level Sum Assured or Increasing Sum Assured) at policy inception

For an instance, at the inception of the policy, the policyholder has opted for a cover of Rs. 60 Lakhs and increasing rate of 5 % each year.

b) With Extended Life Cover: The policyholder also has the option to choose for Extended Life Cover benefit at inception of the policy by paying additional premium throughout the premium paying term.

But, with new plans coming up, there is a variation in the room rent options, some plans offer no room rent limit capping where as some plans offer flexibility to the policyholder to choose their own room type at the inception of the policy.

The policyholder needs to select this option at the time of policy inception.

Guaranteed Death Benefit is higher of (11 times the Annualised Premium **) or (105 % of all premiums paid by Policyholder as on the date of death of the Life Insured) or (Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception).

Master Policyholder needs to opt for a payout period of 3, 5,10 or 15 years at the time of inception of the policy for the entire scheme.

The Master Policyholder can select any one of these at the inception of the policy.