Sentences with phrase «revival of a lapsed policy»

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.

If the life insured dies due to suicide within one year of plan commencement or within one year of revival of a lapsed policy, 80 % of the premiums paid are refunded.

This section provides you with information on services related to online payment, revival of lapsed policy, claim settlement, policy servicing, grievance redressal etc..

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

As purchasing a life insurance policy is very important similarly renewing your policy time to time and revival of lapsed policy is equally crucial.

The revival of your life insurance policy provides an option to extend the coverage, as the insurers can not decline the revival of your life insurance policy because the option of revival of lapsed policy is always present in the original policy document.

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 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.

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.

The revival of lapsed policies is applicable only on Regular and Limited premium payment policies.

One can mainly call to any LIC Customer Care Helpline Number to know about your policy status, premium payment status, bonus, loan facility & eligibility, revival of lapse policies and information about any LIC policy.

The revival of a lapsed policy shall take effect only after the same is approved by the Corporation and is specifically communicated in writing to the Policyholder.

Generally, if the revival of a lapsed policy is done within six months, then no medical declaration is required.

The revival of the lapsed Policy shall take effect only after We have approved the same in accordance with Our board approved underwriting policy and communicated to You in writing.

Not exact matches

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.

After three policy years, the policy acquires Surrender Value, which is the higher of the Guaranteed Surrender Value and the Special Surrender Value If the policyholder fails to reinstate the lapsed policy within the revival period of two years from the date of the first unpaid premium, the policy is terminated.

The regulator has also asked the life insurers to report the matters on lapsations regularly to it,» The proceeds of the lapsed policies shall invariably be refunded to the policyholder after the expiry of the revival period or at any time after completion of 3 years term as and when demanded by the policyholder.

A lapsed policy can be revived by paying the outstanding premiums, proof of continued renewability and a revival fee of Rs. 250.

This revival process depends on the type of your life policy as well as the duration of your policy lapse.

The revival of the ICICI term insurance policy may be on terms different from those applicable to the policy before it lapsed for example, extra mortality premiums or charges may be applicable.

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.

In case of LIC of India, revival is needed when an LIC policy gets lapsed if...

If, however, a lapsed policy is not revived during the revival period, the policy is terminated without payment of any benefits.

This scheme will not be entertained in case of the age of the policy name holder is below 8 years old at the time of revival policy and also if the policy lapsed even without getting the paid up value.

In 2013 - 14, the company introduced the concept of online revival of the policy, enabling customers to reinstate a lapsed policy and pay their premium online, thereby, making the complete process convenient, faster and effortless.

In case of lapse of the policy, it can be revived within the revival period of 2 years from the due date of the first unpaid premium.

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.

You can revive your policy (lapsed and reduced paid - up) by sending us a revival request within two years from the date of first unpaid premium

Once the policy has lapsed, it can only be revived within a revival period of two years from the due date of first unpaid premium

In reduced paid - up / lapsed policy status, revival of policy can be done within 2 years from the date of first unpaid premium.

Subject to Section 3.3, if the Premium (along with the service tax or any other taxes, cesses or levies, if any) is not received by Us by the end of the grace period as specified in Section 9.10 above, this Policy shall lapse and no benefits under Section 3 shall be payable under this Policy and no rights can be exercised by You till the revival of the Policy.

A revival of his / her lapsed policy.