Sentences with phrase «reinstatement of the lapsed policy»

Reinstatement of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the lapse.

If the Life Assured commits suicide for any reason whether sane or insane within 12 months from the date of inception of the Policy or within 12 months from the date of Revival / Reinstatement of the lapsed policy, the company will not be liable to pay the benefits under the policy other than what is specified below:

The policyholder can apply for reinstatement of the lapsed policy within two years from the due date of the first unpaid premium («Reinstatement Period»).

The Policyholder can apply for reinstatement of the lapsed policy within two years from the due date of the first unpaid premium.

Not exact matches

Reinstatement The resumption of coverage under a policy that has lapsed.

Reinstatement Provision Most life insurance policies will grant the policy owner the right for a limited period of time to reinstate a policy after it has lapsed.

The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the first unpaid premium.

The revival of a lapsed policy is possible if the policyholder submits a request for reinstatement within a timeframe of two years from the date of the first unpaid premium.

Revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the first unpaid premium.

The revival of a lapsed or discontinued policy is possible if the policyholder submits a request for reinstatement within a timeframe of two years from the date of the first unpaid premium and pays all due premiums.

If your policy has lapsed then the policyholder submits a request for reinstatement within a timeframe of two years from the date of the first unpaid premium.

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.

Reinforcement of a lapsed insurance policy is possible in case the insured files a reinstatement request within a timeframe of two years from the date of the first unpaid premium.

Most companies will provide a period of time after lapse that an owner can still submit a reinstatement payment and bring the policy back into good standing without the need for the insured to pass through the underwriting process again.

Reinstatement - Restoring a lapsed policy to its original premium paying status, upon payment by the policy owner, with interest, of all unpaid premiums and policy loans, and presentation of satisfactory evidence of insurability by the insured.

Lapsed Policy Reinstatement: If the premium due remains unpaid by the end of the grace period, the policy gets lapsed and no life cover will be provided to you during lapse pLapsed Policy Reinstatement: If the premium due remains unpaid by the end of the grace period, the policy gets lapsed and no life cover will be provided to you during lapse pPolicy Reinstatement: If the premium due remains unpaid by the end of the grace period, the policy gets lapsed and no life cover will be provided to you during lapse ppolicy gets lapsed and no life cover will be provided to you during lapse plapsed and no life cover will be provided to you during lapse period.

Lapsed Policy Reinstatement: Lapsed policy can be reinstated within two years since the date of first policy unpaid policy premium subject to acceptance of the same by the insured coPolicy Reinstatement: Lapsed policy can be reinstated within two years since the date of first policy unpaid policy premium subject to acceptance of the same by the insured copolicy can be reinstated within two years since the date of first policy unpaid policy premium subject to acceptance of the same by the insured copolicy unpaid policy premium subject to acceptance of the same by the insured copolicy premium subject to acceptance of the same by the insured company.

The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of three years from the date of the first unpaid premium.

The revival of a lapsed or discontinued policy is possible if the policyholder submits a request for reinstatement within a timeframe of two years from the date of the first unpaid premium and pays all due premium.

The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of one year from the date of the first unpaid premium.

He further alleged, «We have observed that a few life insurance companies misuse the prescribed terms and conditions to avoid rendering the sum assured to the policyholder in event of reinstatement of policy after a lapse, only the only premium is refunded to the policyholder.»

The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the first unpaid premium.

Lapsed Policy Reinstatement or Revival: You may revive your lapsed policy within 2 years from the due date of the first unpaid prLapsed Policy Reinstatement or Revival: You may revive your lapsed policy within 2 years from the due date of the first unpaid prPolicy Reinstatement or Revival: You may revive your lapsed policy within 2 years from the due date of the first unpaid prlapsed policy within 2 years from the due date of the first unpaid prpolicy within 2 years from the due date of the first unpaid premium.

Lapsed Policy Reinstatement or Revival - A lapsed Policy can be revived by you within 2 years from the due date of the first unpaid premium subject to the terms and conditions as specified from time toLapsed Policy Reinstatement or Revival - A lapsed Policy can be revived by you within 2 years from the due date of the first unpaid premium subject to the terms and conditions as specified from time tolapsed Policy can be revived by you within 2 years from the due date of the first unpaid premium subject to the terms and conditions as specified from time to time.

The restoration of a lapsed policy to in force status is called Reinstatement.

Lapsed Policy Reinstatement or Revival: A lapsed Policy can be revived within 2 years from the due date of the first unpaid prLapsed Policy Reinstatement or Revival: A lapsed Policy can be revived within 2 years from the due date of the first unpaid prlapsed Policy can be revived within 2 years from the due date of the first unpaid premium.

Lapsed Policy Reinstatement: A lapse policy can be renewed within 2 years from the date of unpaid prPolicy Reinstatement: A lapse policy can be renewed within 2 years from the date of unpaid prpolicy can be renewed within 2 years from the date of unpaid premium.

Lapsed policy reinstatement: The policyholder can reinstate the lapsed policy within 3 years by paying all the due premiums from the date of first unpaid pLapsed policy reinstatement: The policyholder can reinstate the lapsed policy within 3 years by paying all the due premiums from the date of first unpaid plapsed policy within 3 years by paying all the due premiums from the date of first unpaid premium

Ask any questions to your broker / agent about reinstatement of the policy in case there is a lapse for late premiums, issuance of policy, effective date of the policy, etc..

The Company reserves the right to accept or reject the revival / reinstatement of the lapsed / reduced paid - up policy as per the board approved underwriting guidelines.

Also ask them to send you a copy of all correspondence concerning the payment being late and the policy being near lapsing and then lapsing and any correspondence concerning reinstatement for past due premiums.

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Most companies, at the end of the grace period when the policy is lapsed and no coverage exists, will send another letter and offer a chance to simply pay the past due premium for a short period, usually another 20 or 30 days without requiring a reinstatement application.

In case the policyholder wants to revive the lapsed policy, he has to apply for its reinstatement within two years from the due date of the first unpaid premium.