Sentences with phrase «policyholder committing»

In event of the policyholder committing suicide in the first year since the reinstatement of the policy, the insurer will refund the higher amongst 80 per cent of the already paid premiums or the Surrender Value.

Most life insurance policies will deny a claim if the policyholder committed suicide in the first two years of the policy.

Yes, the beneficiary will receive the guaranteed death benefit in case the policyholder commits suicide.

The nominee gets to receive the Death Benefit if the policyholder commits suicide within six months of reviving the policy.

If the policyholder commits suicide within 12 months of policy inception, then only 80 % of the premium paid is repaid to the beneficiary.

If the policyholder commits suicide is within six months of renewal, the nominee is eligible to get the Death Benefit.

Suicide Exclusion - In case the policyholder commits suicide within one year of the date of issue policy, only 80 % of the paid premium is payable to the nominee.

Suicide: If the policyholder commits suicide with 12 months from the date of the commencement of the policy or from the date of the revival of the policy, then the nominee is not liable to receive the sum assured and will only be entitled to receive the total premiums paid, provided the policy is in force.

If the policyholder commits suicide within one year of policy inception, 80 % of the premium paid is refunded

A life insurance company won't pay the full death benefit if a policyholder commits suicide within two years of the issue date, and the payout will only be a refund of the premiums already paid.

If the policyholder commits suicide within first 12 months of the policy inception or the policy renewal, then 80 % of the total premiums paid till date are refundable to the entitled beneficiaries of the insurance plan.

In case if the policyholder commits suicide within one year of taking up the policy then 80 % of the Single premium will be given to the nominee.

If the policyholder commits suicide within one year from the insurance coverage commencement date, the insurance policy will be cancelled and no benefits will be paid out to the nominees of the life insured.

Only 80 % of the premiums paid or acquired surrender value is returned to the beneficiary in case the policyholder commits suicide within the first year of the policy inception.

If the policyholder commits suicide within 12 months from the commencement of the policy, then 80 % of the premiums paid till the death date will be given to the nominee.

If the policyholder commits suicide within first 12 months of the policy inception or renewal, then the Policy Account Value shall be paid to the nominee.

If the policyholder commits suicide within 12 months of the revival period, then the Surrender Value or 80 % of the premiums paid by the policyholder is received.

Suicide Clause: If the policyholder commits suicide within 12 months of the date of revival or the date of commencement of risk, then 80 % of the premium of what has already been paid, will be returned to the nominees or assignees of the policyholder.

If the policy tenure has not exceeded 1 year and the policyholder commits suicide during this time, only 80 % of premiums paid are refunded to the nominee.

There are unfortunate cases when the policyholder commits suicide within a year of taking up then in these cases the nominee receives the total premiums paid.

There are some circumstances when the policy will not be cleared: ● If the policyholder commits suicide within 12 months from the date of commencement of risk, then LIC will only pay the 80 % premium paid till date which will be excluded from extra premiums and also service taxes.

If the policyholder commits suicide within a period of 1 year from the last reinstatement, then the nominee is not entitled to receive any sum assured.

● If the policyholder commits suicide within 12 months of the revival plan, then the Corporation will only pay an amount higher than 80 % premium paid till date of death and survival value which will be excluded from any service taxes and extra premium paid till date.

Suicide clause - If the policyholder commits suicide before 2 months from the date of commencement of risk, he / she can be returned with 90 % of the premium paid without any taxes or extra premium.

Moreover, in another case, if the policyholder commits suicide within 12 months of revival, then the user gets to receive higher of the Surrender Value or premiums paid.

If in case the policyholder commits suicide within 12 months from the commencement of the insurance policy, then 80 % of the premiums will be paid back to the nominee.

A suicide clause is a provision in most life insurance policies that states that the policy will be void if the policyholder commits suicide within a specified period of time following the policy start date.

The company does not pay death benefits if the policyholder commits suicide within 12 months of purchasing or renewing Amulya Jeevan II policy.

In case the policyholder commits suicide within twelve months from the beginning date of the policy than eighty percent of the premium which is paid till date is given back to the nominee.

If the policyholder commits suicide anytime during the plan tenure, the available single premium Fund Value and any top - up premium Fund Value would be paid to the nominee.

If the policyholder commits suicide anytime during the plan tenure, the available Fund Value would be paid to the nominee.

If the policyholder commits suicide within a year of policy issuance or revival, 80 % of the premiums paid would be returned and no death benefit would be payable

And if the policyholder commits suicide after 12 months, then the full sum assured along with due bonus will be paid to the nominee.

So if the policyholder commits suicide before 12 months of the commencement of the policy, then no any claim will be paid by the company and the insurance policy will become void.

While if the policyholder commits suicide after one year of the commencement of the policy, then the death benefit will be paid.

This clause in a life insurance policy states that no death benefit will be paid out if the policyholder commits suicide within the first or second year of commencement of the policy.

Not exact matches

They commit investors to shorter terms and expose policyholders to losses beyond a protection buffer offered by the insurer.

Even in light of its financial challenges, Genworth Financial today remains committed to its customers and policyholders.

As the industry leader in private mortgage insurance, we remain committed to doing the right thing for our shareholders, policyholders, co-workers and the environment.

The contestability period is a two - year window after your policy goes into force when an insurer gets to look back at a policyholder's application and determine whether any type of fraud was committed.

Residents only: The Granite State is known for some of the cheapest auto insurance rates in the country, so to thwart those trying to commit insurance fraud by living elsewhere and insuring their vehicle here, the state requires policyholders to sign a residency statement.

The company is also strong and stable financially, and it is committed to the business practices that allow it to keep its promises to its customers and policyholders.

State guarantee associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency.

Having survived and thrived during many economic crises over the last century and a half, shows just how committed Guardian is to their policyholders.

They have more than $ 69 billion of insurance in force and are committed to providing secure life insurance protection to their policyholders.

Since its beginnings, the company has been committed to providing value to its policyholders.

The reasons for this popularity and success are obvious: Midland National is committed to its policyholders through a combination of great customer service, a variety of flexible and customizable plans, and great rates overall.

Economical has more than 2,600 employees who are committed to providing quality home, automobile and commercial insurance products to over one million policyholders across Canada.

If the annuitant commits suicide, no benefit will be payable but if the Return of Purchase Price Option is chosen by the policyholder, then, on suicide, the Purchase Price is paid back to the nominee

The fourth type of car insurance fraud is committed by policyholders.