Sentences with phrase «renewal of lapsed policy»

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

Not exact matches

This doesn't give them any coverage, it just means that they'll be notified of renewals, non-renewals, cancellations, lapses, and other significant policy events that might affect their interest in the policy.

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.

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

Perfect time to change your car insurance plan is at the time of renewal, if you change the policy before the time lapse, a company doesn't afford you any refund.

Yes, the policy which has acquired a paid - up value or has lapsed due to the failure of premium payments can be renewed during the policy renewal period by paying the premium arrears along with the current interest rates.

On the policy being at the lapsed status after the expiry of the renewal period, without acquiring any such paid - up value.

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.

In case you have allowed your policy to lapse at any time, you may be charged a fee to renew, but a fee is not usually required at the time of renewal.

This means that the landlord will be notified of renewals, cancellations, lapses, and other changes in the status of the policy.

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 yearPolicy 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 yearpolicy pay benefits for «suicide» during this period since the original policy is over 2 yearpolicy is over 2 years old?

Bike insurance companies allow online renewals of your lapsed bike insurance policy.

Some phase - outs are structured to occur upon lapse or renewal of a policy or when the property changes hands.