Sentences with phrase «policyholder gets part»
A money back policy is a kind of life insurance cover where the policyholder gets part of the sum assured at regular intervals.
https://www.oneinsure.com/
On survival till the end of the policy tenure, the policyholder gets a part of the Sum Assured as per schedule along with vested Bonus.
Not exact matches
The common international industry perspective that UK insurance law favours the insurer stems in part from the extent of the duty on those applying for insurance as described above and the consequences for the policyholder in getting it wrong.
For example, policyholders can earn up to 30 points a day for physical activity, 200 points for having a dental screening, 400 points for getting an annual flu shot, and up to 500 points a year for taking part in athletic events, such as a 5K.
Mutual insurers are great companies to be a part of because participating policyholders get to share in the profits of the insurer through dividends.
If the policyholder has got into the habit of smoking or drinking or the habits that might reduce their life expectancy after buying the policy, they have to necessarily reveal this fact to the insurance provider as they are now part of a different risk pool.
A part from an insurance cover, it offers the policyholder to save regularly over a specific period of time, so that he can get a lump sum at the policy maturity in case the policyholder survives the policy term.