Sentences with phrase «provided by the policyholder»

Based on the information provided by the policyholder, the insurance premium will be calculated.

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.

Yes, the insurance plan is subject to forfeiture directly by LIC in case the company finds any information provided by the policyholder as misleading or deceiving.

Many times, there is a fine print included in your contract with the car insurance company that states if any if any information provided by the policyholder is falsified, their policy will be revoked.

Policyholders need to understand that insurance policies are individually fashioned according to the information provided by the policyholder which is why anything outside the ambit of the policy is not covered.

Not exact matches

«By limiting the amounts reimbursable under no - fault law to New York parameters, the regulation eliminates abuses and ensures that policy limit amounts will provide for necessary policyholder benefits and lost wages, while leveling the playing field for New York insurers.»

-- Mortality Charge is the amount charged every year by the insurer to provide the life cover to the policyholder on the life of the Insured.

Whereas whole life insurance provides fixed rates of return on the account value, at rates determined by the insurance company, variable life insurance provides the policyholder with investment discretion over the account value portion of the policy.

Like other types of life insurance, the policyholder must qualify first often by having a physical exam, by providing a full medical history, and possibly requiring additional blood work.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

A key determinant both of coverage provided by the LawPRO policy under the Law Society's insurance program, and of whether liability could spread beyond the individual lawyer - policyholder, is the nature of the error or omission giving rise to a claim.

In India, the word term insurance refers to a policy that provides financial cover by assuring an amount for the life of a person who is the policyholder during a specified interval of his life (called the term).

Such databases store policyholder information provided by insurers that authorities use to instantly verify whether or not a vehicle is properly covered.

This provides ease of access and use by the policyholders.

Liability insurance provides coverage against a claim or lawsuit resulting from bodily injury or property damage to others caused by an accident while on the policyholder's property.

Also beginning June 1, the West Virginia Department of Motor Vehicles is including informational inserts with all registration renewals that provide drivers a step - by - step guide in confirming their vehicle identification number (VIN), address and other policyholder information for the state's Electronic Insurance Verification Program.

In addition some life insurance companies provide their policyholders with an additional incentive by offering some kind of discount for automated payments made using a bank account or credit card.

If one has a $ 500 deductible and their vehicle is damaged in an accident, the insurer pays anything above and beyond the $ 500 that must be provided by the automobile insurance policyholder.

Lapsed Policy: If a policyholder fails to pay the premium on or prior to the due date, and doesn't pay the premium after the grace period too, the insurance provider ceases all the benefits provided by the insurance cover and abolishes it for the reason of non-payment.

* Examples of disclosures permitted by law would include disclosures to organizations, including our affiliated companies, which provide claims administration, underwriting, investigation or policyholder services for us or on our behalf.

Cashless hospitalization is a service provided by insurance company, wherein the policyholder can get hospitalized in a network hospital and undergoes medical treatment without paying medical expenses.

Though endeavour is made to make correct policy / product comparisons, quotes, features, etc., based on the information provided by the insurers, it is made abundantly clear that Policybazaar Insurance Web Aggregator Private Limited, its directors, shareholders, officers and employees and Policybazaar.com are in no way responsible to or liable for any one for his / her investment decision, and every prospect / investor / policyholder shall be solely responsible for the consequences of his / her decision.

The plan also provides easy access to funds to the policyholders by way of loans and partial withdrawals.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

Unlike the protection provided to banks by the Federal Deposit Insurance Corporation (FDIC), there is no such guarantee for life insurance policyholders.

Premiums are low and claims are maximums.Service provided by the staff is fantastic and even ambulance is provided for free for policyholder.

The plans offered by PNB MetLife Insurance Company are varied in nature but all of the given plans have a single aim to provide life insurance coverage to the policyholders along with an avenue to create savings through a traditional savings method.

Insurance companies, both travel and standard, expect that all policyholders are reviewing the terms and conditions of their policy; for the best results, review all information provided by the insurance company and contact your insurance provider with any questions.

Here are the points to ponder when planning to purchase term insurance policy - Adequacy of The Cover Amount Life insurance cover is the amount provided by the insurance company to the dependents of the policyholder in case of his demise in order to replace his earnings.

The policyholder may choose to convert the Kotak Term Plan to any other plan that is offered by the company, provided it is not a term plan, before the last five years of the policy term.

Insured Declared Value (IDV) is the maximum sum assured that is fixed by an insurer and provided as compensation to the policyholder, in case of total loss or theft of the latter's vehicle.

A return of premium policy can can help a policyholder feel better about their purchase by providing a financial return if you outlive the policy — a win - win.

The policyholder can nominate a person (the beneficiary) to receive the Death Benefit in the event of the demise of the life insured or make a change in nomination at any time during the tenure of the plan, provided the plan is in force, by submitting a written request to the insurance company.

Plans can be surrendered by the policyholder at any time, provided at least 1 full year's premium has been paid if premium paying term is less than 10 years or at least 2 full year premiums have been paid, if premium paying term is 10 years or more.

While making claims on maturity, the insurance holder is required to provide a completely filled discharge form attached with the original policy documents as issued by LIC in the name of the policyholder.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

What information related to investments is provided by the Insurer to the policyholder?

Free Look Period: The policyholder can cancel the policy within 15 days if he / she is not satisfied with the coverage provided by the policy.

Guaranty association otherwise known as state guaranty fund is the safety net provided by the state to the policyholders to ensure that they will be financially protected in case their insurer is declared insolvent.

It is the amount charged every year by the insurer to provide the life cover to the policyholder on the life of the life insured.

By providing life cover as well as regular monthly income (annuity) after retirement, annuity / pension plans ensure that the policyholder remains financially independent and enjoys more or less the same lifestyle as he / she did when income was regular.

Life insurance is a protection that is offered for the family of the policyholder — upon the death of the insured, the agreement requires that the insurance company stands by the stipulations of the contract and provides the benefits of the plan to the family of the deceased.

This report is used to verify information provided by insurance applicants and policyholders.

If a policyholder's health insurance provides coverage for injuries and rehabilitation related to a car accident, the policyholder probably only needs to purchase the minimum amount of personal injury protection required by their state.

The information will bring about more transparency by providing prospective policyholders clear information about the amount that has been collected from them as brokerage or commission, the circular said.

A policyholder can increase the coverage provided by an auto policy by adding one or more endorsements.

A portion of the premium paid by the policyholder is utilized to provide insurance coverage to the policyholder and the remaining portion is invested in equity and debt instruments.

Therefore, in addition to the security provided to policyholders by Empire General, policyholders have the additional security provided by Protective Life Insurance Company.

By far, Allstate provides policyholders with the most options when it comes to roadside assistance by offering three tiers of servicBy far, Allstate provides policyholders with the most options when it comes to roadside assistance by offering three tiers of servicby offering three tiers of service.

Whereas whole life insurance provides fixed rates of return on the account value, at rates determined by the insurance company, variable life insurance provides the policyholder with investment discretion over the account value portion of the policy.