Sentences with phrase «premium renewal dates»

In case the premium renewal date falls on a holiday, the amount will be debited on the next working day.

Break In Policy - occurs at the end of the existing policy term, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thereof.

There is a system of portability by the company where any benefactor can apply 45 days before the premium renewal date of the existing policy.

Portability: Portability will be granted subject to the policyholder desirous of porting his policy to Future Hos [i - cash Policy applying to Future Generali India Insurance Company Ltd at least 45 days before the premium renewal date of his / her existing policy.

Not exact matches

If the change of insurance is not made on the policy renewal date, you must pay the full year's premium.

A renewal date is the date that your policy will end unless you renew your policy and pay the appropriate premium to continue with the cover.

There should not be any dues in payment of premiums on date, in order for the renewal to take place.

A renewable term is contingent on premium payments being up to date, as well as a renewal premium being paid by the beneficiary.

The time in between car purchases means your car insurance premiums could be vastly different, from separate providers to different renewal dates.

There is a grace period provision of 30 days after the due date for payment of your renewal premium.

Generally, if you're fully or partially at fault in an accident, insurance companies will increase your premiums at your next renewal date.

Every year on the date of renewal, insurer charges the premium depending on the age of members and size of the group.

The renewal of lapsed policy can be done if the insured submits a reinstatement request within a period of 2 years since the date due for the payment of first unpaid premium.

And, if the insured commits suicide within the first year of plan renewal, then a higher of Surrender Value on death and 80 % of premiums paid till date shall be payable.

If your car is not in use after a period of 28 days and you suspend the insurance by returning your certificate and disc to your insurer, you will receive a pro-rata refund of your premium paid at the last renewal date for the period of suspension (subject to possible administration fees) based on the time your car is out of use.

Grace Period is the time provided to the policyholder over and above the exact due date to make the payment for the renewal premium without lapsing the policy or reducing any of the policy benefits.

The renewal request is received within 2 years from the first unpaid premium due date, before the date of maturity.

No matter, how many cars are insured with your multiple car policies; you will have a single policy, a single renewal date and a single premium to pay, meaning there will be one total as opposed to many different figures.

The suicide and contestable periods, due dates of renewal premiums, expiration date of grace periods, availability and amount of non-forfeiture values and the duration of any extended term insurance.

In the case of renewal premiums, the premium will be adjusted on the due date, whether or not it has been received in advance.

Online Services: The various automated services offered currently are online renewal premium payment, download payment receipt, instantly update the contact details, to check policy status on the go, policy due date reminder, querying for policy premium and survival benefits.

If the policyholder does not pay the premium even during the grace period after the expiry of the renewal date, the policy lapses.

Even on non-receipt of premium, the policy will automatically get renewed at the then existing terms and conditions on each renewal date, provided there is enough balance in the policy account as per the scheme rules.

Renewal premiums received in advance will be kept in the suspense account and will not earn any returns until the renewal premium due date on which the same will be applied to the unit fund.

Beginning with the effective date of an insurer's accident prevention / premium reduction program, the insurer shall provide all newly written insureds, and all other insureds no later than their next renewal, with complete and easily understandable information describing the availability of an accident prevention course and the premium reductions resulting from successful completion of such a course.

In the case of renewal premiums / contributions, the premium / contributions will be adjusted on the due date, whether or not it has been received in advance.

If the insurer chooses the certification date as the date of applicability, the premium reduction may be applied as a credit against the next policy renewal, in lieu of a midterm return premium.

The insured can apply for renewal of his plan within 2 years from the due date of the first unpaid premium.

An agent's role is particularly important during the renewal process as they offer services, such as sending reminders to customers about the premium due date and ensuring policyholders get the receipt on time for tax purposes.

Suicide: In a case, where the insured dies by committing suicide within the first year of plan renewal the settlements are done by paying 80 % of the premiums paid till date.

The lapsed policy can be renewed if the insured person submits a request for renewal of policy within a period of 2 years» of timeframe from the date of the first unpaid premium.

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.

Payment in full amount equal to all the policy premiums due but unpaid till the effective date of renewal.

The renewal of the lapsed policy can be done anytime within 5 years from the date of unpaid premium.

The renewal of an expired policy is possible in case the insured submits a reinstatement request within a given time period of 2 years since the date the first premium was unpaid.

The policy can be revised if the policyholder applies for renewal within 2 years from the date when the first premium remained unpaid.

If your Health Insurance policy renewal date is missed and you failed to pay the premium on time, then don't worry.

You are required to pay the renewal premium before the due date in order to continue the existing coverage.

If after the plan renewal the policyholder dies then higher of eighty percent premiums paid till the date of death of the holder or the acquired surrender value will be paid.

You should always read through your renewal each year to make certain you're up - to - date on the latest features of the policy, any changes in premiums or other vital information.

\ nA renewable policy allows the policyowner to renew the coverage simply by paying additional premiums before the termination date without having to provide evidence of insurability (i.e. proving good health) Note: most insurance providers limit the number of times you can renew such a policy or set an age limit for renewals so make sure to pay attention to this when shopping for term life insurance if you plan on renewing your policy for some time.

You can also go for ECS in which the premium amount is automatically deducted from your bank account before the renewal date.

If you do not pay renewal premium within the grace period after the due date, the policy lapses.

The insurers can ask for a medical declaration if you pay your premium after the renewal date and the payment delay gives them an opportunity to terminate the policy prematurely.

If a Life Policy was issued in February 2008, lapses 3 years later for nonpayment of premium and is reinstated in June 2011, resulting in new renewal dates and a new two year contestability period, will the policy pay benefits for «suicide» during this period since the original policy is over 2 years old?

Purchase yearly renewable term (YRT) or shorter term insurance (e.g., five - year term) if the client wants or needs to pay absolutely minimal initial premiums, but is willing to pay increasingly larger premiums each consecutive year (or at each renewal date) to keep the same level of coverage in force.

A specified length of time following a premium due date at which an insurance renewal premium may be paid without penalty.

Re-Entry: On many term policies, you can qualify for lower future premiums if you submit new evidence of insurability (usually a new medical exam) on the renewal date.

There are no renewal premiums or expiration date.